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 35.09 (%).Trend:Decrease 29.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 152.58 (%).Trend:Increase 334.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 74.01 (%).Trend:Decrease 51.49% than previous quarter

Overall: increasing (110.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 145.17 (%).Trend:Decrease 34.53% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 433.9 (%).Trend:Increase 198.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 205.69 (%).Trend:Decrease 52.6% than previous quarter

Overall: increasing (41.69%). 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 -93.06 (%).Trend:Decrease 11.36% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -322.99 (%).Trend:Increase 247.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -156.4 (%).Trend:Decrease 51.58% than previous quarter

Overall: decreasing (68.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.0 (%).Trend:Increase 4.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.28 (%).Trend:Decrease 5.91% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 41.36 (%).Trend:Decrease 4.44% than previous quarter

Overall: decreasing (-10.09%). 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 -53.71 (%).Trend:Increase 33.54% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -69.07 (%).Trend:Increase 28.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -64.41 (%).Trend:Decrease 6.75% than previous quarter

Overall: decreasing (19.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.5 (USD).Trend:Increase 51.52% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.1 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Increase 30.0% than previous quarter

Overall: increasing (-74.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows significant volatility. Liabilities and current assets on revenue increased significantly, but with substantial fluctuations. The retained earnings-to-revenue ratio decreased substantially. The SG&A expense ratio shows a slight overall decrease with little variation. Investment efficiency and earnings per share demonstrate a negative trend, fluctuating widely.