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 26.79 (%).Trend:Decrease 26.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 80.58 (%).Trend:Increase 200.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.39 (%).Trend:Decrease 51.12% than previous quarter

Overall: increasing (47.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.51 (%).Trend:Decrease 31.88% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 299.23 (%).Trend:Increase 234.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 140.16 (%).Trend:Decrease 53.16% than previous quarter

Overall: increasing (56.59%). 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 27.14 (%).Trend:Decrease 27.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 96.43 (%).Trend:Increase 255.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.79 (%).Trend:Decrease 51.48% than previous quarter

Overall: increasing (72.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.08 (%).Trend:Increase 5.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 6.73% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.72 (%).Trend:Decrease 1.72% than previous quarter

Overall: increasing (4.89%). 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 17.37 (%).Trend:Increase 7.69% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 17.48 (%).Trend:Increase 0.63% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 17.65 (%).Trend:Increase 0.97% than previous quarter

Overall: increasing (1.61%). Fluctuation: **Little** (low variation).

Earning Per Share


Analyzing Q3 2022 to Q2 2023 financial data reveals significant fluctuation in working capital efficiency. Liabilities on revenue show substantial swings, increasing considerably in Q1 2023, then decreasing in the following quarters.  Current assets on revenue similarly demonstrate a pattern of significant change. Cost efficiency data indicates substantial fluctuations in the ratio of retained earnings to revenue, increasing notably in Q1 2023 before decreasing. The SG&A expense ratio, however, displays minor variation, steadily increasing. Investment efficiency shows a modest, consistent increase in retained earnings on assets.