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 20.66 (%).Trend:Decrease 31.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.51 (%).Trend:Increase 178.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.63 (%).Trend:Decrease 55.43% than previous quarter

Overall: increasing (24.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.53 (%).Trend:Decrease 33.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 132.98 (%).Trend:Increase 198.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 63.18 (%).Trend:Decrease 52.49% than previous quarter

Overall: increasing (41.88%). 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 14.06 (%).Trend:Decrease 35.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 46.95 (%).Trend:Increase 233.93% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.04 (%).Trend:Decrease 50.93% than previous quarter

Overall: increasing (63.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.95 (%).Trend:Decrease 1.97% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.32 (%).Trend:Increase 23.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.69 (%).Trend:Decrease 5.11% than previous quarter

Overall: increasing (17.49%). Fluctuation: **Neutral** (moderate 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 7.59 (%).Trend:Decrease 1.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 8.22 (%).Trend:Increase 8.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 8.56 (%).Trend:Increase 4.14% than previous quarter

Overall: increasing (12.78%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 shows notable volatility. Working capital efficiency, as measured by liabilities and current assets on revenue, increased, but with considerable variation. Cost efficiency, reflected by the ratio of retained earnings to revenue, shows a substantial increase overall, marked by significant fluctuations. Selling, general, and administrative (SG&A) expenses also increased, with moderate fluctuation. Investment efficiency displays a moderate increase with minimal fluctuation.