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 157.04 (%).Trend:Decrease 56.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 327.25 (%).Trend:Increase 108.39% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 150.85 (%).Trend:Decrease 53.9% than previous quarter

Overall: decreasing (-3.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 45.49 (%).Trend:Decrease 58.57% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 83.66 (%).Trend:Increase 83.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 30.72 (%).Trend:Decrease 63.28% than previous quarter

Overall: decreasing (-32.47%). 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 -19.36 (%).Trend:Decrease 49.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -60.84 (%).Trend:Increase 214.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -20.23 (%).Trend:Decrease 66.75% than previous quarter

Overall: decreasing (4.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Decrease 22.63% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 12.54% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.98 (%).Trend:Decrease 12.46% than previous quarter

Overall: decreasing (-23.44%). Fluctuation: **Neutral** (moderate 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 -3.61 (%).Trend:Decrease 1.1% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.34 (%).Trend:Increase 47.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.94 (%).Trend:Decrease 26.22% than previous quarter

Overall: decreasing (9.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -6.49 (USD).Trend:Decrease 2.11% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 97.07% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.61 (USD).Trend:Decrease 947.37% than previous quarter

Overall: increasing (-124.81%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show mostly declining trends, albeit with considerable fluctuations. Working capital efficiency shows decreases in both liabilities and current assets on revenue. Cost efficiency shows a consistent decrease in the SG&A expense ratio but significant fluctuations in the retained earnings ratio.  Investment efficiency continues to decline, with notable volatility in retained earnings on assets and earnings per share.  The financial situation remains volatile and potentially challenging for the business.