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 60.34 (%).Trend:Decrease 34.38% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 180.06 (%).Trend:Increase 198.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 86.54 (%).Trend:Decrease 51.94% than previous quarter

Overall: increasing (43.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.98 (%).Trend:Decrease 33.83% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 168.09 (%).Trend:Increase 195.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.84 (%).Trend:Decrease 50.72% than previous quarter

Overall: increasing (45.38%). 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 152.23 (%).Trend:Decrease 32.18% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 471.76 (%).Trend:Increase 209.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 236.87 (%).Trend:Decrease 49.79% than previous quarter

Overall: increasing (55.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.91 (%).Trend:Decrease 0.26% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.76 (%).Trend:Increase 2.51% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.2 (%).Trend:Decrease 1.61% than previous quarter

Overall: increasing (0.86%). 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 41.15 (%).Trend:Increase 3.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 43.6 (%).Trend:Increase 5.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.98 (%).Trend:Increase 3.17% than previous quarter

Overall: increasing (9.31%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 demonstrates a mixed picture. Liabilities on revenue, and current assets on revenue, both showed significant increases and decreases across the quarters. The ratio of retained earnings to revenue is increasing overall but with considerable volatility, while SG&A expenses remain fairly stable with minimal fluctuations. Retained earnings on assets showed continuous positive growth with minor variations.  The data indicate substantial swings in working capital efficiency, and cost efficiency, highlighting the need for thorough analysis to understand the factors driving these changes.