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 43.83 (%).Trend:Decrease 44.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 166.99 (%).Trend:Increase 280.99% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 73.93 (%).Trend:Decrease 55.73% than previous quarter

Overall: increasing (68.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 187.73 (%).Trend:Decrease 41.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 541.07 (%).Trend:Increase 188.22% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 245.7 (%).Trend:Decrease 54.59% than previous quarter

Overall: increasing (30.88%). 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 -1178.73 (%).Trend:Decrease 37.56% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -3352.8 (%).Trend:Increase 184.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1650.6 (%).Trend:Decrease 50.77% than previous quarter

Overall: decreasing (40.03%). 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 -405.26 (%).Trend:Increase 7.05% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -434.57 (%).Trend:Increase 7.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -526.05 (%).Trend:Increase 21.05% than previous quarter

Overall: decreasing (29.81%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.13 (USD).Trend:Increase 44.44% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 53.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.19 (USD).Trend:Increase 216.67% than previous quarter

Overall: decreasing (46.15%). Fluctuation: **Significant** (high variation).



The financial data from Q3 2022 to Q2 2023 shows high variability.  While liabilities and current assets relative to revenue increased, indicating potential improvements,  the ratio of retained earnings to revenue decreased substantially, reflecting cost efficiency challenges.  Decreases in retained earnings on assets and earnings per share further highlight concerns about the firm's profitability and financial health.