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 87.98 (%).Trend:Decrease 33.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 286.63 (%).Trend:Increase 225.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 136.85 (%).Trend:Decrease 52.26% than previous quarter

Overall: increasing (55.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 80.62 (%).Trend:Decrease 31.65% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 244.06 (%).Trend:Increase 202.73% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.78 (%).Trend:Decrease 52.15% than previous quarter

Overall: increasing (44.85%). 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 143.43 (%).Trend:Decrease 33.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 427.77 (%).Trend:Increase 198.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 199.53 (%).Trend:Decrease 53.36% than previous quarter

Overall: increasing (39.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 83.17 (%).Trend:Increase 0.92% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 55.27 (%).Trend:Decrease 33.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.78 (%).Trend:Decrease 0.89% than previous quarter

Overall: decreasing (-34.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 36.05% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 demonstrates high volatility. Liabilities on revenue and current assets on revenue show substantial increases and decreases. Cost efficiency, as reflected in the retained earnings-to-revenue ratio, shows an overall increase but high fluctuation. Invest efficiency decreased, but with limited variation. Earning per share is decreasing with significant volatility.