Working Capital Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 3: Liabilities on Revenue 51.81 (%).Trend:Decrease 30.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 166.03 (%).Trend:Increase 220.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 75.92 (%).Trend:Decrease 54.27% than previous quarter

Overall: increasing (46.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 57.72 (%).Trend:Decrease 28.61% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 168.98 (%).Trend:Increase 192.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.91 (%).Trend:Decrease 52.12% than previous quarter

Overall: increasing (40.18%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 48.98 (%).Trend:Decrease 31.58% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 137.86 (%).Trend:Increase 181.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 68.35 (%).Trend:Decrease 50.42% than previous quarter

Overall: increasing (39.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.39 (%).Trend:Increase 1.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.56 (%).Trend:Increase 0.92% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.49 (%).Trend:Decrease 0.38% than previous quarter

Overall: increasing (0.54%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 3: Retained Earning on Assets 39.41 (%).Trend:Increase 1.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.49 (%).Trend:Decrease 4.87% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.05 (%).Trend:Increase 4.16% than previous quarter

Overall: decreasing (-0.91%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency.  Liabilities and current assets on revenue show increasing trends with large variations.  Cost efficiency, indicated by the retained earnings-to-revenue ratio, also exhibits substantial increases and high variability. Selling, general, and administrative (SG&A) expense ratios show a slight upward trend, while investment efficiency displays a slight decrease.