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 21.11 (%).Trend:Decrease 32.4% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 52.99 (%).Trend:Increase 151.02% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.67 (%).Trend:Decrease 49.67% than previous quarter

Overall: increasing (26.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.38 (%).Trend:Decrease 33.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 130.84 (%).Trend:Increase 159.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 63.65 (%).Trend:Decrease 51.35% than previous quarter

Overall: increasing (26.34%). 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 4.51 (%).Trend:Decrease 43.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 4.22 (%).Trend:Decrease 6.43% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.19 (%).Trend:Decrease 531.04% than previous quarter

Overall: decreasing (-503.33%). 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 3.1 (%).Trend:Decrease 15.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 1.02 (%).Trend:Decrease 67.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.67 (%).Trend:Decrease 1048.04% than previous quarter

Overall: decreasing (-411.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -5.0 (USD).Trend:Decrease 10.07% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 92.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share -3.25 (USD).Trend:Increase 755.26% than previous quarter

Overall: increasing (-35.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 demonstrate substantial and concerning volatility.  Liabilities and current assets on revenue are showing positive trends, yet with high volatility.  The ratio of retained earnings to revenue has declined drastically, indicating significant cost efficiency issues.  Invest efficiency and earnings per share remain in negative territory, and are highly volatile.  These findings suggest significant operational challenges and a pressing need for immediate corrective action.