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 39.26 (%).Trend:Decrease 30.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 112.99 (%).Trend:Increase 187.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.34 (%).Trend:Decrease 51.02% than previous quarter

Overall: increasing (40.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.59 (%).Trend:Decrease 32.37% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 192.64 (%).Trend:Increase 202.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.02 (%).Trend:Decrease 53.27% than previous quarter

Overall: increasing (41.56%). 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 38.37 (%).Trend:Decrease 17.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 118.32 (%).Trend:Increase 208.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 54.41 (%).Trend:Decrease 54.01% than previous quarter

Overall: increasing (41.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.01 (%).Trend:Decrease 2.52% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.67 (%).Trend:Increase 13.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Decrease 2.27% than previous quarter

Overall: increasing (11.24%). 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 23.18 (%).Trend:Increase 20.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 23.62 (%).Trend:Increase 1.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.32 (%).Trend:Decrease 1.27% than previous quarter

Overall: increasing (0.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.86 (USD).Trend:Increase 67.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 88.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 51.11% than previous quarter

Overall: decreasing (-82.38%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows considerable volatility. Working capital efficiency demonstrates significant fluctuation in liabilities and current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, displays substantial increases and decreases, highlighting inconsistent profitability trends. SG&A expense ratio displays a comparatively stable increasing trend.  Investment efficiency, as measured by retained earnings on assets, shows a very slight increase overall. Earnings per share experienced a considerable decrease in Q1 2023 before partially recovering, illustrating a highly unstable income stream.