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 21.05 (%).Trend:Decrease 28.11% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.81 (%).Trend:Increase 226.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.25 (%).Trend:Decrease 50.23% than previous quarter

Overall: increasing (62.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 19.93 (%).Trend:Decrease 29.43% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 59.32 (%).Trend:Increase 197.64% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 28.86 (%).Trend:Decrease 51.35% than previous quarter

Overall: increasing (44.81%). 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 20.58 (%).Trend:Decrease 32.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 57.4 (%).Trend:Increase 178.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.29 (%).Trend:Decrease 50.71% than previous quarter

Overall: increasing (37.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Increase 1.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 1.01% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.42 (%).Trend:Decrease 2.58% than previous quarter

Overall: decreasing (-1.59%). 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 34.99 (%).Trend:Decrease 1.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.72 (%).Trend:Decrease 6.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.38 (%).Trend:Increase 2.02% than previous quarter

Overall: decreasing (-4.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.61 (USD).Trend:Increase 44.4% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 79.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.62 (USD).Trend:Increase 249.33% than previous quarter

Overall: decreasing (-27.42%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically in Q1 2023, then decreased significantly in Q2 and Q3 2023. Current assets on revenue also increased substantially in Q1 2023, then declined significantly in Q2 and Q3 2023.  Cost efficiency shows a mixed picture.  The SG&A expense ratio has slight fluctuations, decreasing overall. However, the retained earnings to revenue ratio shows significant fluctuations, increasing in Q1 2023, and then decreasing significantly in Q2 and Q3 2023. Investment efficiency shows little fluctuation, with retained earnings on assets decreasing slightly overall. Earnings per share show significant fluctuation, increasing in Q3 2022, decreasing sharply in Q1 2023, and then increasing again by a large margin in Q2 2023.