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 29.0 (%).Trend:Decrease 37.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 87.88 (%).Trend:Increase 203.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.62 (%).Trend:Decrease 48.09% than previous quarter

Overall: increasing (57.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 57.14 (%).Trend:Decrease 41.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 173.23 (%).Trend:Increase 203.17% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 136.89 (%).Trend:Decrease 20.98% than previous quarter

Overall: increasing (139.57%). 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 -23.08 (%).Trend:Decrease 9.1% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -48.72 (%).Trend:Increase 111.09% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -18.77 (%).Trend:Decrease 61.47% than previous quarter

Overall: increasing (-18.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.13 (%).Trend:Decrease 3.15% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.85 (%).Trend:Decrease 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.0 (%).Trend:Increase 0.72% than previous quarter

Overall: decreasing (-5.11%). 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 -7.46 (%).Trend:Increase 46.27% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.47 (%).Trend:Decrease 26.68% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3.9 (%).Trend:Decrease 28.7% than previous quarter

Overall: increasing (-47.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 61.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 92.86% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 433.33% than previous quarter

Overall: decreasing (-61.9%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022-Q2 2023 reveals substantial volatility. Liabilities and current assets on revenue increased significantly, improving working capital.  While the ratio of retained earnings to revenue showed improvement with significant fluctuations, SG&A expenses decreased consistently. Retained earnings on assets increased, but earnings per share significantly decreased, highlighting operational instability.