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 13.84 (%).Trend:Decrease 28.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 31.76 (%).Trend:Increase 129.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 19.01 (%).Trend:Decrease 40.14% than previous quarter

Overall: increasing (37.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.65 (%).Trend:Decrease 42.5% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 271.72 (%).Trend:Increase 217.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.18 (%).Trend:Decrease 45.47% than previous quarter

Overall: increasing (73.01%). 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 81.75 (%).Trend:Decrease 44.42% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 262.85 (%).Trend:Increase 221.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 140.37 (%).Trend:Decrease 46.6% than previous quarter

Overall: increasing (71.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 0.29% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.88 (%).Trend:Increase 8.14% than previous quarter

Overall: increasing (6.59%). 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 58.63 (%).Trend:Decrease 7.11% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 61.29 (%).Trend:Increase 4.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.97 (%).Trend:Decrease 0.52% than previous quarter

Overall: increasing (3.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q3 2022 to Q2 2023 reveals significant volatility in working capital efficiency. Liabilities on revenue decreased then increased significantly, followed by another decrease.  A similar pattern was observed in current assets on revenue, with substantial quarterly increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, also demonstrates significant fluctuations, with a notable overall increase. Selling, general, and administrative (SG&A) expense ratios show a small overall increase with limited quarterly variation. Investment efficiency, measured by retained earnings on assets, increased slightly overall with little fluctuation.