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 87.17 (%).Trend:Decrease 46.21% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 222.64 (%).Trend:Increase 155.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 95.23 (%).Trend:Decrease 57.23% than previous quarter

Overall: increasing (9.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 119.46 (%).Trend:Decrease 26.63% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 324.61 (%).Trend:Increase 171.73% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 160.02 (%).Trend:Decrease 50.7% than previous quarter

Overall: increasing (33.95%). 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 -385.47 (%).Trend:Decrease 33.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -760.81 (%).Trend:Increase 97.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -376.98 (%).Trend:Decrease 50.45% than previous quarter

Overall: increasing (-2.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.25 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.81 (%).Trend:Increase 27.39% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.35 (%).Trend:Increase 1.36% than previous quarter

Overall: increasing (29.12%). 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 -126.23 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -77.99 (%).Trend:Decrease 38.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -77.65 (%).Trend:Decrease 0.44% than previous quarter

Overall: increasing (-38.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.45 (USD).Trend:Increase 21.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.07 (USD).Trend:Decrease 115.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.09 (USD).Trend:Decrease 228.57% than previous quarter

Overall: decreasing (-80.0%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, liabilities on revenue increased (9.25%) with significant fluctuation.  Current assets on revenue also showed an overall increase (33.95%), again with high variability.  The ratio of retained earnings to revenue showed an increase (-2.2%), SG&A expenses increased (29.12%). Retained earnings on assets increased (-38.49%), while earnings per share significantly decreased (-80.0%).  Data indicates high variability in financial performance.