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 16.21 (%).Trend:Decrease 29.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 45.96 (%).Trend:Increase 183.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.74 (%).Trend:Decrease 46.17% than previous quarter

Overall: increasing (52.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.51 (%).Trend:Decrease 35.31% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 116.03 (%).Trend:Increase 160.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.73 (%).Trend:Decrease 48.52% than previous quarter

Overall: increasing (34.19%). 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 68.66 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 184.84 (%).Trend:Increase 169.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 91.97 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (33.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.07 (%).Trend:Increase 0.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 0.62% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 1.63% than previous quarter

Overall: decreasing (-2.24%). 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 72.63 (%).Trend:Increase 0.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.11 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 71.91 (%).Trend:Decrease 1.64% than previous quarter

Overall: decreasing (-0.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of financial statements from Q3 2022 to Q2 2023 shows marked volatility across key metrics.  Working capital efficiency displays substantial fluctuations; liabilities and current assets on revenue experienced considerable increases in Q1 2023, followed by decreases in Q2 2023.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, saw a strong uptick in Q1 2023 before falling in Q2 2023.  The SG&A expense ratio remained largely consistent, with a slight decreasing trend.  Investment efficiency exhibits minimal fluctuations. Overall, the data suggest substantial financial shifts, particularly in Q1 2023, with significant volatility in working capital and cost efficiency.