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 87.17 (%).Trend:Decrease 46.21% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 222.64 (%).Trend:Increase 155.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 95.23 (%).Trend:Decrease 57.23% than previous quarter

Overall: increasing (9.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 119.46 (%).Trend:Decrease 26.63% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 324.61 (%).Trend:Increase 171.73% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 160.02 (%).Trend:Decrease 50.7% than previous quarter

Overall: increasing (33.95%). 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 -385.47 (%).Trend:Decrease 33.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -760.81 (%).Trend:Increase 97.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -376.98 (%).Trend:Decrease 50.45% than previous quarter

Overall: increasing (-2.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.25 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.81 (%).Trend:Increase 27.39% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.35 (%).Trend:Increase 1.36% than previous quarter

Overall: increasing (29.12%). 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 -126.23 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -77.99 (%).Trend:Decrease 38.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -77.65 (%).Trend:Decrease 0.44% than previous quarter

Overall: increasing (-38.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.45 (USD).Trend:Increase 21.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.07 (USD).Trend:Decrease 115.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.09 (USD).Trend:Decrease 228.57% than previous quarter

Overall: decreasing (-80.0%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023 data reveals substantial fluctuations. Liabilities and current assets on revenue increased, showing significant volatility. The ratio of retained earnings to revenue increased slightly, while the SG&A expense ratio grew substantially.  Retained earnings on assets increased (negatively), and earnings per share decreased dramatically, highlighting high variability across all key metrics.