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 61.76 (%).Trend:Decrease 29.12% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 241.92 (%).Trend:Increase 291.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 105.89 (%).Trend:Decrease 56.23% than previous quarter

Overall: increasing (71.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 65.7 (%).Trend:Decrease 55.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 266.82 (%).Trend:Increase 306.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 126.03 (%).Trend:Decrease 52.77% than previous quarter

Overall: increasing (91.83%). 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 193.55 (%).Trend:Decrease 33.6% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 891.67 (%).Trend:Increase 360.69% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 428.83 (%).Trend:Decrease 51.91% than previous quarter

Overall: increasing (121.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.81 (%).Trend:Decrease 1.93% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.54 (%).Trend:Increase 40.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.48 (%).Trend:Decrease 6.75% than previous quarter

Overall: increasing (30.58%). 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 74.56 (%).Trend:Decrease 18.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 82.99 (%).Trend:Increase 11.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 84.57 (%).Trend:Increase 1.9% than previous quarter

Overall: increasing (13.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.19 (USD).Trend:Increase 58.71% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 28.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (19.33%). Fluctuation: **Neutral** (moderate variation).



Financial statements reveal substantial fluctuations in working capital and cost efficiency. Liabilities on revenue increased sharply in Q1 2023, then decreased significantly. Current assets on revenue followed a similar volatile pattern.  The ratio of retained earnings to revenue also demonstrated high variability. SG&A expense ratio shows a moderate increase, while investment efficiency (retained earnings on assets) shows a gradual increase. Earning per share also shows a moderate increasing trend overall. The significant fluctuations highlight potential risks and opportunities in various financial areas.