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 33.65 (%).Trend:Decrease 27.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 89.56 (%).Trend:Increase 166.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.34 (%).Trend:Decrease 52.72% than previous quarter

Overall: increasing (25.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 51.31 (%).Trend:Decrease 30.73% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 161.32 (%).Trend:Increase 214.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.09 (%).Trend:Decrease 54.69% than previous quarter

Overall: increasing (42.45%). 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 0.81 (%).Trend:Increase 22.73% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 0.5 (%).Trend:Decrease 38.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.11 (%).Trend:Increase 122.0% than previous quarter

Overall: increasing (37.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.44 (%).Trend:Decrease 4.2% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.47 (%).Trend:Increase 35.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.34 (%).Trend:Decrease 18.57% than previous quarter

Overall: increasing (10.66%). Fluctuation: **Neutral** (moderate 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 1.04 (%).Trend:Increase 82.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.21 (%).Trend:Decrease 79.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.01 (%).Trend:Increase 380.95% than previous quarter

Overall: decreasing (-2.88%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 reveal substantial volatility in financial performance. Liabilities on revenue decreased in Q3 2022, saw a major increase in Q1 2023, and then decreased again in Q2 2023.  Current assets on revenue showed a similar pattern of large increases and decreases. Cost efficiency, indicated by retained earnings to revenue, displayed significant variation. The SG&A expense ratio showed an overall upward trend, though with fluctuations. Investment efficiency, measured by retained earnings on assets, exhibited large swings across the periods.