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 29.29 (%).Trend:Decrease 27.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 83.65 (%).Trend:Increase 185.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.43 (%).Trend:Decrease 50.47% than previous quarter

Overall: increasing (41.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 22.72 (%).Trend:Decrease 30.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.4 (%).Trend:Increase 196.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 35.92 (%).Trend:Decrease 46.71% than previous quarter

Overall: increasing (58.1%). 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 -46.61 (%).Trend:Decrease 28.68% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -147.86 (%).Trend:Increase 217.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -74.69 (%).Trend:Decrease 49.49% than previous quarter

Overall: decreasing (60.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.9 (%).Trend:Decrease 0.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.97 (%).Trend:Decrease 9.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.18 (%).Trend:Increase 0.78% than previous quarter

Overall: decreasing (-9.1%). 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 -41.59 (%).Trend:Increase 12.83% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -42.48 (%).Trend:Increase 2.14% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -43.42 (%).Trend:Increase 2.21% than previous quarter

Overall: decreasing (4.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.81 (USD).Trend:Increase 97.56% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 108.64% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 128.57% than previous quarter

Overall: increasing (-97.53%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 display high volatility. Working capital efficiency shows a pattern of decreasing liabilities and assets in 2022, then rising sharply in Q1 2023, demonstrating significant fluctuation. Cost efficiency is inconsistent, with a stable SG&A ratio but significant swings in the retained earnings-to-revenue ratio. Investment efficiency displays a consistent decrease in retained earnings on assets. Earnings per share fluctuate greatly, exhibiting both substantial increases and decreases. The company's financial health appears unstable due to these significant fluctuations.