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 38.11 (%).Trend:Decrease 33.72% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 102.76 (%).Trend:Increase 169.64% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.69 (%).Trend:Decrease 52.62% than previous quarter

Overall: increasing (27.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 60.97 (%).Trend:Decrease 37.23% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 168.41 (%).Trend:Increase 176.22% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.03 (%).Trend:Decrease 56.64% than previous quarter

Overall: increasing (19.78%). 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 -76.19 (%).Trend:Decrease 37.69% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -210.18 (%).Trend:Increase 175.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -98.43 (%).Trend:Decrease 53.17% than previous quarter

Overall: decreasing (29.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.04 (%).Trend:Decrease 0.37% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.53 (%).Trend:Increase 18.53% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.04 (%).Trend:Decrease 5.14% than previous quarter

Overall: increasing (12.44%). 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 -57.36 (%).Trend:Decrease 5.89% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -57.2 (%).Trend:Decrease 0.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -58.29 (%).Trend:Increase 1.91% than previous quarter

Overall: decreasing (1.62%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis of Q3 2022 to Q2 2023 shows significant fluctuations. Liabilities on revenue increased by 27.76%, and current assets on revenue increased by 19.78%, both demonstrating high variability. The ratio of retained earnings to revenue decreased by 29.19%, also showing substantial fluctuation. The SG&A expense ratio showed a small increase (12.44%), indicating relatively stable performance. Retained earnings on assets decreased slightly (1.62%), fluctuating significantly.