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 48.5 (%).Trend:Decrease 40.63% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 182.2 (%).Trend:Increase 275.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 92.65 (%).Trend:Decrease 49.15% than previous quarter

Overall: increasing (91.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.66 (%).Trend:Decrease 48.42% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 108.83 (%).Trend:Increase 205.19% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 53.64 (%).Trend:Decrease 50.71% than previous quarter

Overall: increasing (50.42%). 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 125.61 (%).Trend:Decrease 30.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 403.33 (%).Trend:Increase 221.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 191.1 (%).Trend:Decrease 52.62% than previous quarter

Overall: increasing (52.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.58 (%).Trend:Decrease 0.06% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.78 (%).Trend:Increase 1.21% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.96 (%).Trend:Increase 1.07% than previous quarter

Overall: increasing (2.29%). 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 56.88 (%).Trend:Increase 6.4% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 61.17 (%).Trend:Increase 7.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.64 (%).Trend:Decrease 0.87% than previous quarter

Overall: increasing (6.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.1 (USD).Trend:Increase 54.23% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 55.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.38 (USD).Trend:Increase 73.72% than previous quarter

Overall: decreasing (-23.23%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 indicates significant volatility across several key metrics.  Working capital efficiency, as measured by liabilities and current assets on revenue, displays considerable fluctuations. Cost efficiency, seen in the ratio of retained earnings to revenue, also demonstrates substantial quarter-to-quarter variations.  SG&A expense ratio, on the other hand, shows a relatively stable, albeit incremental, increase.  Investment efficiency, measured by retained earnings on assets, remains relatively stable. Earnings per share show a substantial decrease in the first quarter of 2023 before rebounding in the following two quarters.