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 39.14 (%).Trend:Decrease 34.86% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 123.59 (%).Trend:Increase 215.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.23 (%).Trend:Decrease 49.65% than previous quarter

Overall: increasing (58.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 86.25 (%).Trend:Decrease 44.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 324.29 (%).Trend:Increase 275.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.33 (%).Trend:Decrease 54.26% than previous quarter

Overall: increasing (71.98%). 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 20.26 (%).Trend:Decrease 42.62% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 30.16 (%).Trend:Increase 48.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1.51 (%).Trend:Decrease 105.01% than previous quarter

Overall: decreasing (-107.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.95 (%).Trend:Decrease 1.58% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.7 (%).Trend:Increase 8.34% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.16 (%).Trend:Decrease 5.22% than previous quarter

Overall: increasing (2.69%). 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 11.01 (%).Trend:Decrease 11.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.85 (%).Trend:Decrease 55.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.52 (%).Trend:Decrease 110.72% than previous quarter

Overall: decreasing (-104.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.34 (USD).Trend:Increase 34.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.12 (USD).Trend:Decrease 16.42% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.62 (USD).Trend:Increase 133.93% than previous quarter

Overall: decreasing (95.52%). Fluctuation: **Significant** (high variation).



The analysis of Q3 2022 to Q2 2023 shows significant fluctuations. Liabilities on Revenue and Current Assets on Revenue increased, though with considerable volatility.  Ratio of Retained Earnings to Revenue sharply declined, demonstrating high variation. SG&A expenses increased slightly.  Retained Earnings on Assets and Earnings Per Share also significantly decreased, highlighting substantial financial instability.