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 26.79 (%).Trend:Decrease 26.1% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 80.58 (%).Trend:Increase 200.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.39 (%).Trend:Decrease 51.12% than previous quarter

Overall: increasing (47.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.51 (%).Trend:Decrease 31.88% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 299.23 (%).Trend:Increase 234.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 140.16 (%).Trend:Decrease 53.16% than previous quarter

Overall: increasing (56.59%). 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 27.14 (%).Trend:Decrease 27.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 96.43 (%).Trend:Increase 255.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.79 (%).Trend:Decrease 51.48% than previous quarter

Overall: increasing (72.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.08 (%).Trend:Increase 5.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 6.73% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.72 (%).Trend:Decrease 1.72% than previous quarter

Overall: increasing (4.89%). 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 17.37 (%).Trend:Increase 7.69% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 17.48 (%).Trend:Increase 0.63% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 17.65 (%).Trend:Increase 0.97% than previous quarter

Overall: increasing (1.61%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q3 2022 to Q2 2023 highlight significant volatility in working capital efficiency.  Liabilities on revenue demonstrate a significant uptick in Q1 2023 before fluctuating downward. Current assets on revenue reveal a similar unpredictable pattern.  Cost efficiency shows a very large increase in the ratio of retained earnings to revenue in Q1 2023, followed by significant decreases in the subsequent quarters. The SG&A expense ratio trends upward with little fluctuation.  Investment efficiency displays small, steady increases in retained earnings on assets.