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 24.36 (%).Trend:Decrease 25.5% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 102.35 (%).Trend:Increase 320.16% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 49.89 (%).Trend:Decrease 51.26% than previous quarter

Overall: increasing (104.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 71.94 (%).Trend:Decrease 39.03% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 219.76 (%).Trend:Increase 205.48% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.01 (%).Trend:Decrease 49.94% than previous quarter

Overall: increasing (52.92%). 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 154.04 (%).Trend:Decrease 34.57% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 443.81 (%).Trend:Increase 188.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 207.04 (%).Trend:Decrease 53.35% than previous quarter

Overall: increasing (34.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.77 (%).Trend:Decrease 7.0% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.21 (%).Trend:Increase 16.42% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Increase 1.67% than previous quarter

Overall: increasing (18.36%). 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 71.48 (%).Trend:Increase 4.69% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 70.49 (%).Trend:Decrease 1.39% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 69.0 (%).Trend:Decrease 2.11% than previous quarter

Overall: decreasing (-3.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.9 (USD).Trend:Increase 53.23% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.5 (USD).Trend:Decrease 73.68% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.09 (USD).Trend:Increase 118.0% than previous quarter

Overall: decreasing (-42.63%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 displays significant volatility in many areas.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all reveal significant fluctuation. SG&A expense ratio reveals a moderate upward trend. Investment efficiency exhibits a minimal downward trend in retained earnings on assets. Earnings per share also show substantial fluctuations with a positive overall trend.