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 43.73 (%).Trend:Decrease 23.52% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.62 (%).Trend:Increase 196.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.58 (%).Trend:Decrease 52.49% than previous quarter

Overall: increasing (40.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.96 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 219.25 (%).Trend:Increase 143.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.86 (%).Trend:Decrease 59.93% than previous quarter

Overall: decreasing (-2.33%). 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 -205.6 (%).Trend:Decrease 28.45% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -728.42 (%).Trend:Increase 254.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -394.11 (%).Trend:Decrease 45.9% than previous quarter

Overall: decreasing (91.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.13 (%).Trend:Decrease 0.45% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.13 (%).Trend:Increase 6.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.53 (%).Trend:Decrease 1.71% than previous quarter

Overall: increasing (4.23%). 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 -143.84 (%).Trend:Increase 7.79% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -201.98 (%).Trend:Increase 40.42% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -234.34 (%).Trend:Increase 16.02% than previous quarter

Overall: decreasing (62.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.66 (USD).Trend:Increase 41.88% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.23 (USD).Trend:Increase 48.19% than previous quarter

Overall: increasing (-25.9%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 reveals substantial fluctuation in key metrics. Liabilities on revenue exhibit substantial increases and decreases. Current assets on revenue also show significant variability. Cost efficiency demonstrates a steep decline in the retained earnings-to-revenue ratio. SG&A expense ratio shows relatively stable growth. Investment efficiency shows a persistent decline in retained earnings on assets.  Earnings per share also display a negative trend and considerable volatility. The significant fluctuations across all indicators mandate urgent analysis.