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 11.03 (%).Trend:Decrease 37.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 34.05 (%).Trend:Increase 208.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 15.61 (%).Trend:Decrease 54.16% than previous quarter

Overall: increasing (41.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 18.38 (%).Trend:Decrease 31.44% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 57.89 (%).Trend:Increase 214.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 24.37 (%).Trend:Decrease 57.9% than previous quarter

Overall: increasing (32.59%). 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 5.48 (%).Trend:Decrease 29.47% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 17.15 (%).Trend:Increase 212.96% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 8.54 (%).Trend:Decrease 50.2% than previous quarter

Overall: increasing (55.84%). 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 15.07 (%).Trend:Increase 4.94% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 15.76 (%).Trend:Increase 4.58% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 17.17 (%).Trend:Increase 8.95% than previous quarter

Overall: increasing (13.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.62 (USD).Trend:Increase 46.56% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.12 (USD).Trend:Decrease 69.06% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.43 (USD).Trend:Increase 27.68% than previous quarter

Overall: decreasing (-60.5%). Fluctuation: **Significant** (high variation).



Financial statement responses indicate significant fluctuations in working capital efficiency. Liabilities on revenue increased sharply in Q1 2023, then decreased substantially in the following quarters.  Current assets on revenue also show a dramatic increase followed by drops, indicating volatility. Cost efficiency is characterized by similar fluctuation. Retained earnings to revenue ratio shows substantial increases and drops over the three quarters.  Investment efficiency, however, shows a more stable increase in retained earnings on assets. Earnings per share exhibit a substantial decrease followed by increases over the reporting period, suggesting significant variability.