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 27.27 (%).Trend:Decrease 15.83% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.88 (%).Trend:Increase 163.59% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.17 (%).Trend:Decrease 55.24% than previous quarter

Overall: increasing (17.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 32.26 (%).Trend:Decrease 25.55% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 87.04 (%).Trend:Increase 169.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 40.42 (%).Trend:Decrease 53.56% than previous quarter

Overall: increasing (25.29%). 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 -3.18 (%).Trend:Decrease 52.11% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 2.86 (%).Trend:Decrease 189.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 5.98 (%).Trend:Increase 109.09% than previous quarter

Overall: increasing (-288.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -2.59 (%).Trend:Decrease 30.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.87 (%).Trend:Decrease 133.59% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.59 (%).Trend:Increase 312.64% than previous quarter

Overall: increasing (-238.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.11 (USD).Trend:Decrease 45.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 327.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.59 (USD).Trend:Increase 136.0% than previous quarter

Overall: increasing (-636.36%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 displays significant fluctuations in financial metrics.  Liabilities on revenue saw an overall increase (17.97%), though with marked quarterly volatility.  Current assets on revenue also exhibited an overall increase (25.29%) with substantial quarterly variations. Cost efficiency, measured by retained earnings to revenue, showed an overall increase (-288.05%), but with substantial fluctuations. Investment efficiency, as indicated by retained earnings on assets, demonstrated a similar overall increase (-238.61%) with high volatility. Earnings per share also demonstrated an overall increase (-636.36%), yet with unpredictable quarter-to-quarter changes.