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 237.41 (%).Trend:Increase 7.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 574.89 (%).Trend:Increase 142.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 277.62 (%).Trend:Decrease 51.71% than previous quarter

Overall: increasing (16.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 303.64 (%).Trend:Decrease 2.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 862.48 (%).Trend:Increase 184.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 396.91 (%).Trend:Decrease 53.98% than previous quarter

Overall: increasing (30.72%). 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 -151.37 (%).Trend:Decrease 17.84% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -338.86 (%).Trend:Increase 123.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -129.46 (%).Trend:Decrease 61.8% than previous quarter

Overall: increasing (-14.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.56 (%).Trend:Increase 23.81% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.4 (%).Trend:Increase 5.77% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Decrease 28.9% than previous quarter

Overall: decreasing (-24.79%). 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 -41.04 (%).Trend:Decrease 12.36% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -32.9 (%).Trend:Decrease 19.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.08 (%).Trend:Decrease 14.65% than previous quarter

Overall: increasing (-31.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.12 (USD).Trend:Decrease 16.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 76.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 171.43% than previous quarter

Overall: decreasing (-37.26%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 shows substantial variability. Working capital efficiency shows increases in both liabilities and current assets on revenue, but with significant fluctuations between quarters. Cost efficiency, measured by the ratio of retained earnings to revenue, shows an overall increasing trend but high volatility. SG&A expense ratio demonstrates a declining trend, with moderate variation. Investment efficiency, as measured by retained earnings on assets, also exhibits an increasing, but fluctuating, trend. Earnings per share display a decreasing trend with significant volatility.