Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 44.35 (%).Trend:Decrease 38.14% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.46 (%).Trend:Decrease 20.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52.12 (%).Trend:Increase 46.98% than previous quarter

Overall: increasing (17.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 93.23 (%).Trend:Decrease 52.85% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 67.94 (%).Trend:Decrease 27.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.1 (%).Trend:Increase 54.7% than previous quarter

Overall: increasing (12.73%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 17.98 (%).Trend:Decrease 55.25% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 12.87 (%).Trend:Decrease 28.42% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.88 (%).Trend:Increase 62.24% than previous quarter

Overall: increasing (16.13%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.3 (%).Trend:Decrease 26.55% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.93 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Increase 15.43% than previous quarter

Overall: increasing (5.1%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 8.51 (%).Trend:Increase 13.62% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.97 (%).Trend:Increase 5.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.44 (%).Trend:Increase 5.24% than previous quarter

Overall: increasing (10.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.59 (USD).Trend:Decrease 427.78% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 96.61% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.46 (USD).Trend:Decrease 60.34% than previous quarter

Overall: decreasing (-22.03%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q2 2023 shows mixed trends. Liabilities and current assets on revenue show moderate increases, with neutral variations.  Cost efficiency (ratio of retained earnings to revenue) also increases with neutral variation. The Selling, General & Administrative (SG&A) expense ratio sees a slight increase with little fluctuation. Investment efficiency, as measured by retained earnings on assets, rises slightly.  Earnings per share falls, marked by significant variation.