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 27.55 (%).Trend:Decrease 37.06% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 84.68 (%).Trend:Increase 207.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.1 (%).Trend:Decrease 45.56% than previous quarter

Overall: increasing (67.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 101.85 (%).Trend:Decrease 37.68% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 321.24 (%).Trend:Increase 215.41% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 158.89 (%).Trend:Decrease 50.54% than previous quarter

Overall: increasing (56.0%). 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 73.7 (%).Trend:Decrease 37.01% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 259.55 (%).Trend:Increase 252.17% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 127.17 (%).Trend:Decrease 51.0% than previous quarter

Overall: increasing (72.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.59 (%).Trend:Decrease 4.74% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.68 (%).Trend:Increase 5.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.65 (%).Trend:Decrease 2.36% than previous quarter

Overall: increasing (2.55%). Fluctuation: **Little** (low 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 52.35 (%).Trend:Increase 3.05% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 57.32 (%).Trend:Increase 9.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 57.47 (%).Trend:Increase 0.26% than previous quarter

Overall: increasing (9.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.59 (USD).Trend:Increase 108.87% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.81 (USD).Trend:Decrease 68.73% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.87 (USD).Trend:Increase 130.86% than previous quarter

Overall: decreasing (-27.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show significant fluctuations across key financial metrics.  Working capital efficiency, reflected in liabilities and current assets, displays substantial volatility.  Cost efficiency, specifically the ratio of retained earnings to revenue, reveals high variability.  Selling, General, and Administrative (SG&A) expenses remain relatively stable. Investment efficiency, using retained earnings on assets, shows low variability. Earnings per share exhibit notable fluctuations.