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 29.52 (%).Trend:Decrease 33.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.28 (%).Trend:Increase 161.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.55 (%).Trend:Decrease 48.82% than previous quarter

Overall: increasing (33.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 37.51 (%).Trend:Decrease 27.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 95.22 (%).Trend:Increase 153.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.79 (%).Trend:Decrease 47.71% than previous quarter

Overall: increasing (32.74%). 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 66.5 (%).Trend:Decrease 36.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 217.34 (%).Trend:Increase 226.83% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 107.19 (%).Trend:Decrease 50.68% than previous quarter

Overall: increasing (61.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.0 (%).Trend:Increase 6.67% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.61 (%).Trend:Decrease 2.44% than previous quarter

Overall: increasing (4.07%). 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 31.75 (%).Trend:Increase 1.08% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.47 (%).Trend:Increase 8.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.3 (%).Trend:Decrease 0.49% than previous quarter

Overall: increasing (8.03%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 exhibit substantial quarter-to-quarter variations across working capital, cost, and investment efficiency metrics. Liabilities and current assets on revenue display substantial fluctuations. The ratio of retained earnings to revenue fluctuated widely.  The Selling, General, and Administrative (SG&A) expense ratio, however, remained relatively consistent. Investment efficiency, as measured by retained earnings on assets, showed minimal fluctuation.  These trends necessitate further analysis to pinpoint the underlying causes of these variations and their potential impact on future results.