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 483.01 (%).Trend:Decrease 35.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 1503.96 (%).Trend:Increase 211.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 124.26 (%).Trend:Decrease 91.74% than previous quarter

Overall: decreasing (-74.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 614.78 (%).Trend:Decrease 35.79% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1802.15 (%).Trend:Increase 193.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 146.78 (%).Trend:Decrease 91.86% than previous quarter

Overall: decreasing (-76.12%). 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 -642.54 (%).Trend:Decrease 35.99% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1769.52 (%).Trend:Increase 175.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -142.7 (%).Trend:Decrease 91.94% than previous quarter

Overall: increasing (-77.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 58.73 (%).Trend:Decrease 4.05% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 54.36 (%).Trend:Decrease 7.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.51 (%).Trend:Decrease 84.35% than previous quarter

Overall: decreasing (-85.51%). Fluctuation: **Significant** (high 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 -54.91 (%).Trend:Increase 2.73% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -52.3 (%).Trend:Decrease 4.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -52.91 (%).Trend:Increase 1.17% than previous quarter

Overall: increasing (-3.64%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2022 to Q2 2023 reveals volatile performance trends.  Working capital efficiency metrics for liabilities and current assets on revenue show considerable fluctuations, including sharp increases and decreases, suggesting unpredictable cash flow and asset management. Cost efficiency, indicated by the ratio of retained earnings to revenue and the SG&A expense ratio, also shows significant instability. Investment efficiency, as measured by retained earnings on assets, displays a minor but variable trend.  The data overall points to substantial financial instability.