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 26.44 (%).Trend:Decrease 32.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.39 (%).Trend:Increase 192.7% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.71 (%).Trend:Decrease 48.69% than previous quarter

Overall: increasing (50.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 42.25 (%).Trend:Decrease 31.02% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 125.78 (%).Trend:Increase 197.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.71 (%).Trend:Decrease 46.96% than previous quarter

Overall: increasing (57.89%). 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 31.7 (%).Trend:Decrease 32.8% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 95.88 (%).Trend:Increase 202.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.43 (%).Trend:Decrease 51.57% than previous quarter

Overall: increasing (46.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.87 (%).Trend:Decrease 0.51% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.68 (%).Trend:Increase 10.29% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.11 (%).Trend:Decrease 6.57% than previous quarter

Overall: increasing (3.05%). 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 30.18 (%).Trend:Increase 1.86% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 30.25 (%).Trend:Increase 0.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 29.85 (%).Trend:Decrease 1.32% than previous quarter

Overall: decreasing (-1.09%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows a significant fluctuation in liabilities and current assets on revenue. Liabilities on revenue decreased by 32.67% in Q3 2022 to Q4 2022, then increased by 192.7% in Q1 2023, and decreased by 48.69% in Q2 2023. Current assets decreased by 31.02% in Q3 2022 to Q4 2022, increased by 197.7% in Q1 2023, and decreased by 46.96% in Q2 2023. Cost efficiency reveals significant fluctuations in the ratio of retained earnings to revenue, with notable percentage changes in each quarter. The Selling, General & Administrative (SG&A) expense ratio shows little variation, with a small overall increase. Investment efficiency shows a slightly decreasing trend in retained earnings on assets with small percentage changes in each quarter.