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 52.4 (%).Trend:Decrease 26.97% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 165.74 (%).Trend:Increase 216.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 107.82 (%).Trend:Decrease 34.95% than previous quarter

Overall: increasing (105.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 68.14 (%).Trend:Decrease 33.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 211.84 (%).Trend:Increase 210.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.32 (%).Trend:Decrease 47.92% than previous quarter

Overall: increasing (61.9%). 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 79.21 (%).Trend:Decrease 32.67% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 239.66 (%).Trend:Increase 202.56% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 116.89 (%).Trend:Decrease 51.23% than previous quarter

Overall: increasing (47.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.36 (%).Trend:Decrease 3.32% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.77 (%).Trend:Increase 13.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.46 (%).Trend:Increase 17.77% than previous quarter

Overall: increasing (33.22%). Fluctuation: **Neutral** (moderate 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 25.19 (%).Trend:Increase 4.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.6 (%).Trend:Decrease 2.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.28 (%).Trend:Decrease 1.3% than previous quarter

Overall: decreasing (-3.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.35 (USD).Trend:Increase 152.69% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.81 (USD).Trend:Decrease 65.53% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.65 (USD).Trend:Increase 103.7% than previous quarter

Overall: decreasing (-29.79%). Fluctuation: **Significant** (high variation).



Between Q3 2022 and Q2 2023, Liabilities on Revenue and Current Assets on Revenue significantly increased with high fluctuation. Ratio of Retained Earnings to Revenue also increased significantly. SG&A Expense Ratio increased moderately. Retained Earning on Assets decreased slightly, while Earning Per Share decreased significantly.