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 30.31 (%).Trend:Increase 14.33% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 98.07 (%).Trend:Increase 223.56% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.43 (%).Trend:Decrease 53.68% than previous quarter

Overall: increasing (49.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 60.79 (%).Trend:Decrease 36.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 207.72 (%).Trend:Increase 241.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 100.55 (%).Trend:Decrease 51.59% than previous quarter

Overall: increasing (65.41%). 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 76.36 (%).Trend:Decrease 35.92% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 275.06 (%).Trend:Increase 260.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 124.58 (%).Trend:Decrease 54.71% than previous quarter

Overall: increasing (63.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.32 (%).Trend:Decrease 9.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.7 (%).Trend:Increase 21.84% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.8 (%).Trend:Decrease 11.69% than previous quarter

Overall: increasing (7.59%). 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 24.28 (%).Trend:Increase 3.14% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 25.01 (%).Trend:Increase 3.01% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.94 (%).Trend:Increase 3.72% than previous quarter

Overall: increasing (6.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 10.0 (USD).Trend:Increase 60.77% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 90.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.0 (USD).Trend:Increase 600.0% than previous quarter

Overall: decreasing (-30.0%). Fluctuation: **Significant** (high variation).



Financial performance analysis from Q3 2022 to Q2 2023 indicates a mixed picture.  Working capital efficiency, as indicated by liabilities and current assets on revenue, shows significant volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue and SG&A expense ratio, displays substantial short-term fluctuations.  Investment efficiency, assessed by retained earnings on assets, shows a relatively consistent and stable upward trend. Earnings per share, however, experienced a steep drop followed by a sharp increase. The data points to potentially unstable short-term performance, although some consistent positive trends in investment efficiency and earnings per share are emerging.