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 10.88 (%).Trend:Decrease 41.76% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 53.46 (%).Trend:Increase 391.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.48 (%).Trend:Decrease 56.08% than previous quarter

Overall: increasing (115.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.13 (%).Trend:Decrease 33.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 234.18 (%).Trend:Increase 430.66% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.48 (%).Trend:Decrease 51.54% than previous quarter

Overall: increasing (157.15%). 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 11.97 (%).Trend:Increase 98.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 146.22 (%).Trend:Increase 1121.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 75.38 (%).Trend:Decrease 48.45% than previous quarter

Overall: increasing (529.74%). 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 16.67 (%).Trend:Increase 196.09% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.25 (%).Trend:Increase 93.46% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.18 (%).Trend:Increase 5.98% than previous quarter

Overall: increasing (105.04%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.29 (USD).Trend:Decrease 147.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 51.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.28 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-3.45%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 reveals substantial volatility.  Working capital efficiency metrics, liabilities and current assets on revenue, showed large increases, with sizable swings. Cost efficiency, as measured by the retained earnings to revenue ratio, increased significantly overall, but again with sharp quarterly fluctuations.  Investment efficiency, measured by retained earnings on assets, increased substantially overall but with notable quarter-to-quarter variations.  Earnings per share, while showing some improvement in the second quarter, still exhibited high volatility overall.