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 13.79 (%).Trend:Decrease 33.61% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 42.75 (%).Trend:Increase 210.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.55 (%).Trend:Decrease 49.59% than previous quarter

Overall: increasing (56.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 17.94 (%).Trend:Decrease 32.4% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 65.91 (%).Trend:Increase 267.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 28.64 (%).Trend:Decrease 56.55% than previous quarter

Overall: increasing (59.64%). 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 18.51 (%).Trend:Decrease 17.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 78.22 (%).Trend:Increase 322.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.47 (%).Trend:Decrease 48.26% than previous quarter

Overall: increasing (118.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.19 (%).Trend:Increase 9.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.76 (%).Trend:Increase 47.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.72 (%).Trend:Decrease 2.27% than previous quarter

Overall: increasing (44.54%). 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 31.04 (%).Trend:Increase 2.14% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.82 (%).Trend:Increase 12.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 37.55 (%).Trend:Increase 7.84% than previous quarter

Overall: increasing (20.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 19.37 (USD).Trend:Increase 141.22% than previous quarter
Year 2023 Quarter 1: Earning Per Share 4.21 (USD).Trend:Decrease 78.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.95 (USD).Trend:Increase 88.84% than previous quarter

Overall: decreasing (-58.96%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023, liabilities on revenue increased in Q1 2023, then decreased in Q2 2023.  Current assets exhibited similar volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, increased drastically in Q1 2023, then decreased in Q2 2023. SG&A expenses trended upward but with moderate variation. Investment efficiency shows a steady increase in retained earnings on assets.  Earnings per share were high in Q3 2022, then decreased and rebounded in Q2 2023. Overall, the financial performance exhibits high volatility with significant ups and downs in key metrics.