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 21.78 (%).Trend:Decrease 42.23% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 50.35 (%).Trend:Increase 131.18% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.37 (%).Trend:Decrease 41.67% than previous quarter

Overall: increasing (34.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 64.5 (%).Trend:Decrease 32.8% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 176.7 (%).Trend:Increase 173.95% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 101.0 (%).Trend:Decrease 42.84% than previous quarter

Overall: increasing (56.59%). 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 -169.01 (%).Trend:Decrease 35.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -382.59 (%).Trend:Increase 126.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -186.71 (%).Trend:Decrease 51.2% than previous quarter

Overall: decreasing (10.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.55 (%).Trend:Increase 1.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 50.21 (%).Trend:Decrease 7.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.33 (%).Trend:Increase 2.23% than previous quarter

Overall: decreasing (-5.9%). 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 -98.81 (%).Trend:Decrease 0.84% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -91.28 (%).Trend:Decrease 7.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -84.36 (%).Trend:Decrease 7.58% than previous quarter

Overall: increasing (-14.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.4 (USD).Trend:Increase 42.86% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.28 (USD).Trend:Decrease 30.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.5 (USD).Trend:Increase 78.57% than previous quarter

Overall: increasing (25.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows high volatility. Liabilities on revenue display a fluctuating trend, decreasing then increasing. Current assets on revenue show similar significant variations. The ratio of retained earnings to revenue shows a decreasing trend. SG&A expense ratio declines slightly. Investment efficiency shows increases in retained earnings on assets but substantial swings in trends. Earnings per share show a clear increase, yet with significant variation, suggesting a fluctuating profitability.