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 44.41 (%).Trend:Decrease 21.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 97.57 (%).Trend:Increase 119.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52.48 (%).Trend:Decrease 46.21% than previous quarter

Overall: increasing (18.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 87.02 (%).Trend:Decrease 30.83% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 212.94 (%).Trend:Increase 144.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.88 (%).Trend:Decrease 51.69% than previous quarter

Overall: increasing (18.23%). 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 54.76 (%).Trend:Decrease 30.62% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 171.1 (%).Trend:Increase 212.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.16 (%).Trend:Decrease 48.47% than previous quarter

Overall: increasing (60.99%). 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 31.46 (%).Trend:Increase 0.9% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.55 (%).Trend:Increase 19.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.89 (%).Trend:Increase 3.57% than previous quarter

Overall: increasing (23.62%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.33 (USD).Trend:Increase 55.76% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.46 (USD).Trend:Decrease 66.28% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.85 (USD).Trend:Increase 95.21% than previous quarter

Overall: decreasing (-34.18%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased by 18.17% overall but with large quarter-to-quarter swings, from a decrease of 21.54% in Q3 2022 to an increase of 119.7% in Q1 2023 and a decrease of 46.21% in Q2 2023. Current assets on revenue also increased by 18.23%, but with equally significant fluctuation. Cost efficiency shows a significant increase in the ratio of retained earnings to revenue by 60.99%, with considerable volatility, ranging from a decrease of 30.62% in Q3 2022 to an increase of 212.45% in Q1 2023 and a decrease of 48.47% in Q2 2023.  Investment efficiency shows a neutral trend with a moderate increase in retained earnings on assets by 23.62%, while earnings per share show a significant decrease of 34.18% overall, exhibiting substantial variation.