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 21.86 (%).Trend:Decrease 38.75% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.04 (%).Trend:Increase 192.96% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.56 (%).Trend:Decrease 47.6% than previous quarter

Overall: increasing (53.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 211.54 (%).Trend:Decrease 26.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 629.91 (%).Trend:Increase 197.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 291.23 (%).Trend:Decrease 53.77% than previous quarter

Overall: increasing (37.67%). 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 339.85 (%).Trend:Decrease 32.42% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 1042.26 (%).Trend:Increase 206.68% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 502.3 (%).Trend:Decrease 51.81% than previous quarter

Overall: increasing (47.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.07 (%).Trend:Decrease 7.03% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.22 (%).Trend:Decrease 21.98% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.69 (%).Trend:Increase 14.34% than previous quarter

Overall: decreasing (-10.78%). 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 84.93 (%).Trend:Increase 0.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 83.25 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 82.95 (%).Trend:Decrease 0.36% than previous quarter

Overall: decreasing (-2.33%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 13.14 (USD).Trend:Increase 67.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share 5.2 (USD).Trend:Decrease 60.43% than previous quarter
Year 2023 Quarter 2: Earning Per Share 10.73 (USD).Trend:Increase 106.35% than previous quarter

Overall: decreasing (-18.34%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 displays significant fluctuations. Liabilities and current assets on revenue, along with the ratio of retained earnings to revenue, increased overall but fluctuated substantially. Selling, general, and administrative (SG&A) expenses showed moderate decrease. Investment efficiency decreased slightly with little variation. Earnings per share also showed high volatility, decreasing overall.