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 31.37 (%).Trend:Decrease 32.64% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 95.97 (%).Trend:Increase 205.93% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.77 (%).Trend:Decrease 49.18% than previous quarter

Overall: increasing (55.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.92 (%).Trend:Decrease 32.71% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 146.47 (%).Trend:Increase 187.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.8 (%).Trend:Decrease 48.93% than previous quarter

Overall: increasing (46.9%). 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 -3.83 (%).Trend:Decrease 44.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -8.55 (%).Trend:Increase 123.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2.66 (%).Trend:Decrease 68.89% than previous quarter

Overall: increasing (-30.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.44 (%).Trend:Decrease 3.66% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.81 (%).Trend:Decrease 6.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.89 (%).Trend:Increase 0.37% than previous quarter

Overall: decreasing (-6.61%). 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 -2.34 (%).Trend:Decrease 12.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -1.78 (%).Trend:Decrease 23.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1.13 (%).Trend:Decrease 36.52% than previous quarter

Overall: increasing (-51.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.06 (USD).Trend:Increase 500.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.05 (USD).Trend:Decrease 16.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.17 (USD).Trend:Increase 240.0% than previous quarter

Overall: increasing (183.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show significant fluctuations in key financial metrics. Working capital indicators (liabilities and current assets) show overall increases but with considerable quarterly volatility. Cost efficiency (SG&A expense ratio) shows a minor decline. The ratio of retained earnings to revenue and retained earnings on assets show an irregular, volatile trend.  Earnings per share also display substantial variations and growth.