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 38.05 (%).Trend:Decrease 31.14% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 110.25 (%).Trend:Increase 189.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.97 (%).Trend:Decrease 56.49% than previous quarter

Overall: increasing (26.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 73.81 (%).Trend:Decrease 33.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 232.23 (%).Trend:Increase 214.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.71 (%).Trend:Decrease 51.04% than previous quarter

Overall: increasing (54.06%). 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 2.78 (%).Trend:Decrease 43.03% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 30.81 (%).Trend:Increase 1008.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.16 (%).Trend:Decrease 34.57% than previous quarter

Overall: increasing (625.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.3 (%).Trend:Decrease 0.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.86 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.01 (%).Trend:Increase 0.63% than previous quarter

Overall: decreasing (-1.19%). 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 1.33 (%).Trend:Decrease 13.07% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.95 (%).Trend:Increase 272.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.49 (%).Trend:Increase 31.11% than previous quarter

Overall: increasing (387.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.95 (USD).Trend:Increase 58.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.1% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-32.2%). Fluctuation: **Significant** (high variation).



Analysis from Q3 2022 to Q2 2023 reveals significant increases in working capital efficiency metrics (liabilities and current assets on revenue) despite high variability.  Cost efficiency, based on the ratio of retained earnings to revenue, demonstrates a dramatic surge, yet with considerable fluctuation.  Conversely, earnings per share decreased substantially, while SG&A expense remained relatively stable.  Investment efficiency, measured by retained earnings on assets, shows a large overall increase.