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 23.13 (%).Trend:Decrease 29.89% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.45 (%).Trend:Increase 234.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.64 (%).Trend:Decrease 60.44% than previous quarter

Overall: increasing (32.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.47 (%).Trend:Decrease 30.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 146.06 (%).Trend:Increase 270.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 69.59 (%).Trend:Decrease 52.36% than previous quarter

Overall: increasing (76.31%). 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 -4.38 (%).Trend:Decrease 18.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -15.91 (%).Trend:Increase 263.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -9.34 (%).Trend:Decrease 41.29% than previous quarter

Overall: decreasing (113.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.02 (%).Trend:Decrease 0.74% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.1 (%).Trend:Increase 26.87% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.84 (%).Trend:Decrease 5.1% than previous quarter

Overall: increasing (20.4%). 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 -5.06 (%).Trend:Increase 22.52% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.07 (%).Trend:Increase 0.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.06 (%).Trend:Increase 19.53% than previous quarter

Overall: decreasing (19.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.25 (USD).Trend:Decrease 327.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.49 (USD).Trend:Increase 96.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.84 (USD).Trend:Increase 71.43% than previous quarter

Overall: decreasing (236.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased drastically in Q1 2023, then decreased in Q2 and Q3 2023, with a net increase overall. Similarly, current assets on revenue saw substantial increases and decreases across the quarters, resulting in a net increase. Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue, with considerable quarter-to-quarter variation. SG&A expense ratio fluctuated with a net increase. Investment efficiency shows a decreasing trend in retained earnings on assets with significant volatility. Earnings per share also show a significant decreasing trend with substantial fluctuations.  Overall, the financial performance exhibits high volatility across all metrics.