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 10.25 (%).Trend:Decrease 36.37% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 35.0 (%).Trend:Increase 241.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.0 (%).Trend:Decrease 40.0% than previous quarter

Overall: increasing (104.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.14 (%).Trend:Decrease 33.7% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 118.31 (%).Trend:Increase 168.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.71 (%).Trend:Decrease 43.61% than previous quarter

Overall: increasing (51.13%). 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 83.81 (%).Trend:Decrease 36.86% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 174.59 (%).Trend:Increase 108.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.79 (%).Trend:Decrease 49.72% than previous quarter

Overall: increasing (4.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 4.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.14 (%).Trend:Decrease 34.41% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.64 (%).Trend:Decrease 6.14% than previous quarter

Overall: decreasing (-38.44%). Fluctuation: **Significant** (high 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 77.42 (%).Trend:Decrease 0.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.93 (%).Trend:Decrease 4.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 72.69 (%).Trend:Decrease 1.68% than previous quarter

Overall: decreasing (-6.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.46 (USD).Trend:Decrease 235.29% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.58 (USD).Trend:Increase 460.87% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.66 (USD).Trend:Increase 158.14% than previous quarter

Overall: increasing (1347.83%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals substantial fluctuations. Liabilities on revenue increased significantly in Q1 2023, after a period of decline, then decreased slightly in Q2 2023.  A similar pattern is seen with current assets on revenue. The ratio of retained earnings to revenue increased markedly in Q1 2023, after a previous decline, then decreased in Q2 2023.  SG&A expense ratio continues the consistent downward trend.  Investment efficiency, as shown by retained earnings on assets, shows a slight but steady decline. Earnings per share increased dramatically in Q1 and Q2 2023, rising from a negative value to a high positive.