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 22.29 (%).Trend:Decrease 25.68% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 55.52 (%).Trend:Increase 149.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.76 (%).Trend:Decrease 48.2% than previous quarter

Overall: increasing (29.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 58.8 (%).Trend:Decrease 27.65% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 166.48 (%).Trend:Increase 183.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 85.15 (%).Trend:Decrease 48.85% than previous quarter

Overall: increasing (44.81%). 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 93.5 (%).Trend:Decrease 47.26% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 275.02 (%).Trend:Increase 194.14% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 134.67 (%).Trend:Decrease 51.03% than previous quarter

Overall: increasing (44.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 50.81 (%).Trend:Decrease 19.0% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 52.58 (%).Trend:Increase 3.48% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 53.31 (%).Trend:Increase 1.39% than previous quarter

Overall: increasing (4.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.02 (USD).Trend:Increase 62.9% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 61.39% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.59 (USD).Trend:Increase 103.85% than previous quarter

Overall: decreasing (-21.29%). Fluctuation: **Significant** (high variation).



The analysis from Q3 2022 to Q2 2023 indicates significant increases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, accompanied by substantial quarter-to-quarter variation.  Retained earnings on assets increased slightly with minimal fluctuation.  Earnings per share decreased significantly with substantial volatility.  SG&A data is absent.