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 15.08 (%).Trend:Decrease 34.12% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 47.52 (%).Trend:Increase 215.12% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.77 (%).Trend:Decrease 54.19% than previous quarter

Overall: increasing (44.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 26.69 (%).Trend:Decrease 32.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 84.01 (%).Trend:Increase 214.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 37.45 (%).Trend:Decrease 55.42% than previous quarter

Overall: increasing (40.31%). 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 3.33 (%).Trend:Increase 125.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 12.92 (%).Trend:Increase 287.99% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.48 (%).Trend:Decrease 42.11% than previous quarter

Overall: increasing (124.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.97 (%).Trend:Decrease 1.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.85 (%).Trend:Decrease 3.02% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.54 (%).Trend:Decrease 8.05% than previous quarter

Overall: decreasing (-10.83%). 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 2.89 (%).Trend:Increase 248.19% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 3.77 (%).Trend:Increase 30.45% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.65 (%).Trend:Increase 23.34% than previous quarter

Overall: increasing (60.9%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Working capital efficiency in Q3 2022-Q2 2023 shows significant fluctuations, with liabilities and current assets on revenue increasing overall but with substantial quarter-to-quarter variation. Cost efficiency demonstrates a consistent decline in the SG&A expense ratio, showing little fluctuation.  The ratio of retained earnings to revenue displays significant increases but with substantial variation. Investment efficiency exhibits an overall increase in retained earnings on assets with moderate fluctuation.  The analysis lacks earning per share data.