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 24.11 (%).Trend:Decrease 34.13% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.0 (%).Trend:Increase 182.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.94 (%).Trend:Decrease 47.15% than previous quarter

Overall: increasing (49.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 20.57 (%).Trend:Decrease 33.6% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 62.26 (%).Trend:Increase 202.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.34 (%).Trend:Decrease 46.45% than previous quarter

Overall: increasing (62.08%). 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 -26.62 (%).Trend:Decrease 34.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -69.64 (%).Trend:Increase 161.61% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -34.52 (%).Trend:Decrease 50.43% than previous quarter

Overall: decreasing (29.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.17 (%).Trend:Increase 0.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Decrease 0.99% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.62 (%).Trend:Increase 3.15% than previous quarter

Overall: increasing (2.13%). 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 -78.99 (%).Trend:Decrease 5.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -70.82 (%).Trend:Decrease 10.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -66.13 (%).Trend:Decrease 6.62% than previous quarter

Overall: increasing (-16.28%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.1 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.05 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.1 (USD).Trend:Increase 100.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, liabilities and current assets on revenue increased substantially, but with significant fluctuations. Cost efficiency (ratio of retained earnings to revenue) decreased overall despite initial increases. The SG&A expense ratio increased moderately. Investment efficiency (retained earnings on assets) improved slightly. Earnings per share remained relatively stable, although with high variation.