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 72.07 (%).Trend:Decrease 41.03% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 188.84 (%).Trend:Increase 162.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 92.1 (%).Trend:Decrease 51.23% than previous quarter

Overall: increasing (27.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 101.28 (%).Trend:Decrease 47.44% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.88 (%).Trend:Increase 49.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 86.84 (%).Trend:Decrease 42.82% than previous quarter

Overall: decreasing (-14.26%). 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 301.32 (%).Trend:Decrease 32.78% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 948.57 (%).Trend:Increase 214.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 474.3 (%).Trend:Decrease 50.0% than previous quarter

Overall: increasing (57.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.58 (%).Trend:Decrease 1.16% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 42.02 (%).Trend:Increase 1.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 41.63 (%).Trend:Decrease 0.93% than previous quarter

Overall: increasing (0.12%). 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 48.67 (%).Trend:Increase 6.24% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 51.38 (%).Trend:Increase 5.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 51.83 (%).Trend:Increase 0.88% than previous quarter

Overall: increasing (6.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 24.0 (USD).Trend:Increase 10.91% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 91.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: decreasing (-75.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 reveals fluctuating working capital efficiency. Liabilities on revenue show substantial increases and decreases, while current assets on revenue display a similar pattern. Cost efficiency shows significant fluctuations in the retained earnings to revenue ratio, but the SG&A expense ratio remains relatively stable. Investment efficiency demonstrates consistent growth with minimal variation in retained earnings on assets. Earnings per share show a substantial drop in Q1 2023, then a significant increase in Q2 2023.