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 32.06 (%).Trend:Decrease 35.19% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 94.84 (%).Trend:Increase 195.82% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.37 (%).Trend:Decrease 49.0% than previous quarter

Overall: increasing (50.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.94 (%).Trend:Decrease 34.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 161.07 (%).Trend:Increase 216.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 83.21 (%).Trend:Decrease 48.34% than previous quarter

Overall: increasing (63.35%). 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 11.66 (%).Trend:Decrease 25.26% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 42.41 (%).Trend:Increase 263.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 22.44 (%).Trend:Decrease 47.09% than previous quarter

Overall: increasing (92.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.89 (%).Trend:Decrease 0.8% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.75 (%).Trend:Increase 5.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.42 (%).Trend:Decrease 2.1% than previous quarter

Overall: increasing (3.56%). 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 8.96 (%).Trend:Increase 13.71% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.27 (%).Trend:Increase 14.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.82 (%).Trend:Increase 5.36% than previous quarter

Overall: increasing (20.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.68 (USD).Trend:Increase 34.4% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.39 (USD).Trend:Decrease 76.79% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 87.18% than previous quarter

Overall: decreasing (-56.55%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased dramatically in Q1 2023, then decreased, while current assets on revenue also saw substantial increases and decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, showed similar volatility, with large increases and decreases. SG&A expense ratio exhibited minor fluctuations, trending upward overall.  Investment efficiency, as represented by retained earnings on assets, displayed stable growth. Earnings per share decreased significantly in Q1 2023, then recovered somewhat in Q2 2023.