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 12.41 (%).Trend:Decrease 31.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 35.73 (%).Trend:Increase 187.91% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 17.36 (%).Trend:Decrease 51.41% than previous quarter

Overall: increasing (39.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 16.83 (%).Trend:Decrease 32.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 47.93 (%).Trend:Increase 184.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 23.25 (%).Trend:Decrease 51.49% than previous quarter

Overall: increasing (38.15%). 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 3.63 (%).Trend:Decrease 26.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 12.7 (%).Trend:Increase 249.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.22 (%).Trend:Decrease 43.15% than previous quarter

Overall: increasing (98.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.25 (%).Trend:Decrease 1.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Increase 1.68% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.28 (%).Trend:Decrease 1.45% than previous quarter

Overall: increasing (0.21%). 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 7.0 (%).Trend:Increase 10.24% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 8.32 (%).Trend:Increase 18.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.72 (%).Trend:Increase 16.83% than previous quarter

Overall: increasing (38.86%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.65 (USD).Trend:Increase 225.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.33 (USD).Trend:Decrease 49.23% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.11 (USD).Trend:Increase 236.36% than previous quarter

Overall: increasing (70.77%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation for Q3 2022 to Q2 2023, with liabilities on revenue decreasing in Q3 2022 and then increasing significantly in Q1 2023 before decreasing again in Q2 2023. Current assets on revenue display a similar pattern of significant fluctuation.  Cost efficiency shows significant fluctuation in the ratio of retained earnings to revenue, and little fluctuation in the SG&A expense ratio. Invest efficiency shows a neutral fluctuation in retained earnings on assets.  Earnings per share shows significant fluctuation, with substantial increases and decreases across the quarters.