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 24.42 (%).Trend:Decrease 51.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 79.81 (%).Trend:Increase 226.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.25 (%).Trend:Decrease 50.82% than previous quarter

Overall: increasing (60.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.65 (%).Trend:Decrease 35.67% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 166.02 (%).Trend:Increase 227.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 78.27 (%).Trend:Decrease 52.86% than previous quarter

Overall: increasing (54.53%). 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 77.27 (%).Trend:Decrease 32.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 250.46 (%).Trend:Increase 224.14% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 124.49 (%).Trend:Decrease 50.3% than previous quarter

Overall: increasing (61.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.04 (%).Trend:Decrease 1.59% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.56 (%).Trend:Increase 18.91% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.66 (%).Trend:Increase 1.05% than previous quarter

Overall: increasing (20.15%). 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 58.99 (%).Trend:Increase 1.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 57.68 (%).Trend:Decrease 2.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 58.92 (%).Trend:Increase 2.15% than previous quarter

Overall: decreasing (-0.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.89 (USD).Trend:Increase 38.97% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.39 (USD).Trend:Decrease 79.37% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.79 (USD).Trend:Increase 102.56% than previous quarter

Overall: decreasing (-58.2%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency metrics (Liabilities & Current Assets on Revenue), all showing overall increases despite large quarter-to-quarter variations. Cost efficiency shows a similar pattern in the Ratio of Retained Earnings to Revenue, but SG&A expense ratio increased only slightly. Investment efficiency metrics (Retained Earnings on Assets) displayed little variation, slightly decreasing overall. Earnings per share decreased significantly, showing high volatility.