Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 46.17 (%).Trend:Decrease 38.42% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.36 (%).Trend:Decrease 34.24% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.66 (%).Trend:Increase 27.34% than previous quarter

Overall: decreasing (-16.27%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 134.01 (%).Trend:Decrease 44.48% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 85.4 (%).Trend:Decrease 36.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 131.88 (%).Trend:Increase 54.43% than previous quarter

Overall: decreasing (-1.59%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 130.9 (%).Trend:Decrease 45.47% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 80.47 (%).Trend:Decrease 38.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 132.91 (%).Trend:Increase 65.17% than previous quarter

Overall: increasing (1.54%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.32 (%).Trend:Increase 10.29% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.19 (%).Trend:Decrease 9.53% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.78 (%).Trend:Increase 16.82% than previous quarter

Overall: increasing (5.68%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 64.3 (%).Trend:Decrease 1.94% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 63.89 (%).Trend:Decrease 0.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 68.68 (%).Trend:Increase 7.5% than previous quarter

Overall: increasing (6.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.17 (USD).Trend:Increase 12.5% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.95 (USD).Trend:Increase 152.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.88 (USD).Trend:Decrease 70.17% than previous quarter

Overall: decreasing (-24.79%). Fluctuation: **Significant** (high variation).



The Q2 2022 to Q2 2023 data shows a mixed performance. While liabilities and current assets on revenue decreased slightly, indicating some control over working capital, the ratio of retained earnings to revenue shows a minor increase suggesting possible improved profitability. SG&A expenses increased, and retained earnings on assets significantly improved.  Earnings per share, however, experienced a sharp decline, highlighting significant volatility and the need for deeper analysis.