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 40.0 (%).Trend:Decrease 26.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 128.67 (%).Trend:Increase 221.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.21 (%).Trend:Decrease 55.54% than previous quarter

Overall: increasing (43.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 59.66 (%).Trend:Decrease 40.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 145.81 (%).Trend:Increase 144.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.17 (%).Trend:Decrease 62.16% than previous quarter

Overall: decreasing (-7.53%). 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 297.11 (%).Trend:Decrease 34.22% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 812.74 (%).Trend:Increase 173.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 408.6 (%).Trend:Decrease 49.73% than previous quarter

Overall: increasing (37.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.04 (%).Trend:Decrease 2.61% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.12 (%).Trend:Increase 5.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.57 (%).Trend:Decrease 1.48% than previous quarter

Overall: increasing (4.37%). 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 63.57 (%).Trend:Decrease 3.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 57.88 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.88 (%).Trend:Decrease 1.73% than previous quarter

Overall: decreasing (-10.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.13 (USD).Trend:Increase 62.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 130.77% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.08 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-161.54%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations in Q3 2022 to Q2 2023.  Liabilities on revenue increased sharply in Q1 2023, then decreased, indicating instability. Current assets on revenue similarly fluctuated significantly, decreasing after an initial spike, which also highlights challenges managing short-term assets and liabilities. Cost efficiency, with the ratio of retained earnings to revenue showing substantial fluctuation, indicates instability in earnings generation.  SG&A expense ratio, however, shows little fluctuation, suggesting potential stability in operational costs.  Investment efficiency shows consistent slight decreases, suggesting slightly declining returns on assets, while earning per share show increased instability.