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 26.71 (%).Trend:Decrease 25.72% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 60.27 (%).Trend:Increase 125.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.32 (%).Trend:Decrease 49.69% than previous quarter

Overall: increasing (13.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.49 (%).Trend:Decrease 23.7% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 155.83 (%).Trend:Increase 175.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 78.69 (%).Trend:Decrease 49.5% than previous quarter

Overall: increasing (39.3%). 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 3.29 (%).Trend:Increase 8.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 17.42 (%).Trend:Increase 429.48% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.74 (%).Trend:Decrease 44.09% than previous quarter

Overall: increasing (196.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.67 (%).Trend:Increase 2.42% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.74 (%).Trend:Decrease 3.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.51 (%).Trend:Increase 2.68% than previous quarter

Overall: decreasing (-0.54%). 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 3.78 (%).Trend:Increase 49.41% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 7.07 (%).Trend:Increase 87.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 7.77 (%).Trend:Increase 9.9% than previous quarter

Overall: increasing (105.56%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.47 (USD).Trend:Increase 36.08% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.19 (USD).Trend:Decrease 65.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.84 (USD).Trend:Increase 54.62% than previous quarter

Overall: decreasing (-46.97%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows high variability. Working capital efficiency indicates a rising trend in both liabilities and current assets on revenue, but with substantial quarter-to-quarter oscillations. Cost efficiency displays a noticeable surge in the retained earnings to revenue ratio, despite considerable variation. SG&A expense remains relatively stable. Investment efficiency demonstrates an increase in retained earnings on assets, although with major fluctuations. Earnings per share have seen a notable decrease, but still display significant quarter-to-quarter volatility.  Further analysis is essential to pinpoint the drivers of these variations.