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 22.36 (%).Trend:Decrease 43.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.97 (%).Trend:Increase 248.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.62 (%).Trend:Decrease 53.03% than previous quarter

Overall: increasing (63.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 25.91 (%).Trend:Decrease 58.01% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 84.84 (%).Trend:Increase 227.44% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 35.74 (%).Trend:Decrease 57.87% than previous quarter

Overall: increasing (37.94%). 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 25.73 (%).Trend:Decrease 14.77% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 125.35 (%).Trend:Increase 387.17% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 67.77 (%).Trend:Decrease 45.94% than previous quarter

Overall: increasing (163.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.9 (%).Trend:Increase 26.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.12 (%).Trend:Increase 19.05% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.15 (%).Trend:Increase 5.12% than previous quarter

Overall: increasing (25.15%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 7.0 (USD).Trend:Increase 58.37% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 85.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-71.43%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 financial data reveals significant volatility in key metrics.  Liabilities and current assets on revenue exhibit an overall increasing trend but fluctuate significantly.  The retained earnings-to-revenue ratio shows a strong upward trend with large variations.  Investment efficiency (retained earnings on assets) shows an increasing trend with moderate fluctuation.  Earnings per share, however, are declining, but with large fluctuations throughout the period.