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 55.16 (%).Trend:Decrease 41.38% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 190.32 (%).Trend:Increase 245.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 87.89 (%).Trend:Decrease 53.82% than previous quarter

Overall: increasing (59.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 40.3 (%).Trend:Decrease 36.44% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 114.55 (%).Trend:Increase 184.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 54.55 (%).Trend:Decrease 52.38% than previous quarter

Overall: increasing (35.36%). 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 43.6 (%).Trend:Decrease 30.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 131.58 (%).Trend:Increase 201.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 64.13 (%).Trend:Decrease 51.26% than previous quarter

Overall: increasing (47.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.13 (%).Trend:Decrease 1.63% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.4 (%).Trend:Increase 1.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.19 (%).Trend:Decrease 1.14% than previous quarter

Overall: increasing (0.33%). 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 17.45 (%).Trend:Increase 6.14% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 17.85 (%).Trend:Increase 2.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 16.63 (%).Trend:Decrease 6.83% than previous quarter

Overall: decreasing (-4.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 13.0 (USD).Trend:Increase 58.92% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 84.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-84.62%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show significant volatility.  Working capital efficiency (liabilities and current assets on revenue) increases overall. Cost efficiency ratios (retained earnings-to-revenue and SG&A) show marked fluctuations and overall increase. Investment efficiency decreases slightly. Earnings per share decline substantially.