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 22.87 (%).Trend:Decrease 33.38% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 53.61 (%).Trend:Increase 134.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.82 (%).Trend:Decrease 48.11% than previous quarter

Overall: increasing (21.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 37.88 (%).Trend:Decrease 33.61% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 116.7 (%).Trend:Increase 208.08% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.95 (%).Trend:Decrease 51.2% than previous quarter

Overall: increasing (50.34%). 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 121.99 (%).Trend:Decrease 32.2% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 388.62 (%).Trend:Increase 218.57% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 197.31 (%).Trend:Decrease 49.23% than previous quarter

Overall: increasing (61.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.16 (%).Trend:Decrease 2.49% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 5.48% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.6 (%).Trend:Decrease 3.02% than previous quarter

Overall: increasing (2.3%). 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 65.13 (%).Trend:Increase 3.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 71.42 (%).Trend:Increase 9.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 73.24 (%).Trend:Increase 2.55% than previous quarter

Overall: increasing (12.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 45.63% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-33.33%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 demonstrate significant fluctuations in working capital efficiency. Liabilities on revenue show a significant decrease in Q3 2022 and an increase in Q1 2023 and a significant decrease again in Q2 2023.  Similarly, current assets on revenue exhibit high volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits substantial variability. The SG&A expense ratio shows little fluctuation. Investment efficiency (retained earnings on assets) is increasing with minimal variation. Earnings per share, however, have substantial variability with a negative overall trend.