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 45.54 (%).Trend:Decrease 36.07% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.62 (%).Trend:Increase 184.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 63.15 (%).Trend:Decrease 51.28% than previous quarter

Overall: increasing (38.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 73.67 (%).Trend:Decrease 33.08% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 219.62 (%).Trend:Increase 198.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 103.78 (%).Trend:Decrease 52.75% than previous quarter

Overall: increasing (40.87%). 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 -28.87 (%).Trend:Decrease 37.82% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -71.81 (%).Trend:Increase 148.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -31.0 (%).Trend:Decrease 56.83% than previous quarter

Overall: decreasing (7.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.68 (%).Trend:Decrease 4.45% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.29 (%).Trend:Decrease 6.41% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.55 (%).Trend:Decrease 3.65% than previous quarter

Overall: decreasing (-9.82%). 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 -17.07 (%).Trend:Decrease 1.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -15.05 (%).Trend:Decrease 11.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.91 (%).Trend:Decrease 7.57% than previous quarter

Overall: increasing (-18.51%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.13 (USD).Trend:Increase 62.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.13 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 169.23% than previous quarter

Overall: increasing (169.23%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in liabilities and current assets on revenue from Q3 2022 to Q2 2023. Liabilities on revenue increased significantly in Q1 2023, then decreased in Q2 2023, while current assets trended similarly with a large increase in Q1 2023 followed by a significant decrease in Q2 2023.  Cost efficiency shows a significant decline in the ratio of retained earnings to revenue, though the selling, general, and administrative (SG&A) expense ratio is trending downwards.  Investment efficiency shows a slightly increasing trend in retained earnings on assets, with significant fluctuations. Earnings per share are increasing, but the increase was not consistent.