Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 63.78 (%).Trend:Decrease 54.35% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 44.45 (%).Trend:Decrease 30.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.34 (%).Trend:Increase 29.0% than previous quarter

Overall: decreasing (-10.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 66.95 (%).Trend:Decrease 56.65% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.25 (%).Trend:Decrease 29.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.11 (%).Trend:Increase 29.33% than previous quarter

Overall: decreasing (-8.72%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -216.02 (%).Trend:Decrease 54.14% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -140.68 (%).Trend:Decrease 34.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -171.41 (%).Trend:Increase 21.84% than previous quarter

Overall: increasing (-20.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.09 (%).Trend:Decrease 6.56% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.5 (%).Trend:Increase 2.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Decrease 23.95% than previous quarter

Overall: decreasing (-22.4%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets -107.39 (%).Trend:Increase 3.4% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -103.49 (%).Trend:Decrease 3.63% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -103.74 (%).Trend:Increase 0.24% than previous quarter

Overall: increasing (-3.4%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2022 to Q2 2023 displays mixed results.  Working capital efficiency, measured by liabilities and current assets on revenue, is trending slightly downward but with considerable variation. Cost efficiency, as measured by the ratio of retained earnings to revenue and SG&A expense ratio, shows a decreasing trend, but with substantial fluctuations. Invest efficiency shows a small increase in retained earnings on assets with significant fluctuation.