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 20.41 (%).Trend:Decrease 30.53% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.04 (%).Trend:Increase 150.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.72 (%).Trend:Decrease 53.53% than previous quarter

Overall: increasing (16.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 72.56 (%).Trend:Decrease 35.21% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 204.72 (%).Trend:Increase 182.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 104.42 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (43.91%). 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 138.59 (%).Trend:Decrease 36.25% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 431.11 (%).Trend:Increase 211.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 221.71 (%).Trend:Decrease 48.57% than previous quarter

Overall: increasing (59.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.78 (%).Trend:Decrease 4.74% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.85 (%).Trend:Increase 9.09% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.55 (%).Trend:Decrease 3.53% than previous quarter

Overall: increasing (5.24%). 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 49.25 (%).Trend:Decrease 0.93% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 49.45 (%).Trend:Increase 0.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 50.77 (%).Trend:Increase 2.67% than previous quarter

Overall: increasing (3.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.36 (USD).Trend:Increase 40.31% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.28 (USD).Trend:Decrease 57.46% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.89 (USD).Trend:Decrease 60.96% than previous quarter

Overall: decreasing (-83.4%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023,  significant increases are observed in liabilities on revenue (16.22%), current assets on revenue (43.91%), and ratio of retained earnings to revenue (59.98%).  The SG&A expense ratio showed a small increase (5.24%), and retained earnings on assets also increased slightly (3.09%).  However, a dramatic decrease is noted in earnings per share (-83.4%), suggesting potential issues.