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 20.54 (%).Trend:Decrease 30.96% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 44.64 (%).Trend:Increase 117.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 20.82 (%).Trend:Decrease 53.36% than previous quarter

Overall: increasing (1.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 68.62 (%).Trend:Decrease 29.97% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 186.04 (%).Trend:Increase 171.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.62 (%).Trend:Decrease 49.68% than previous quarter

Overall: increasing (36.43%). 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 99.43 (%).Trend:Decrease 30.43% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 277.12 (%).Trend:Increase 178.71% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 147.54 (%).Trend:Decrease 46.76% than previous quarter

Overall: increasing (48.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.26 (%).Trend:Increase 4.13% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.09 (%).Trend:Decrease 13.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.21 (%).Trend:Increase 11.01% than previous quarter

Overall: decreasing (-3.97%). 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 42.07 (%).Trend:Decrease 0.61% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 44.69 (%).Trend:Increase 6.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.37 (%).Trend:Decrease 0.72% than previous quarter

Overall: increasing (5.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 27.39% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 indicates significant fluctuations across key metrics.  Liabilities on revenue increased substantially in Q1 2023, then decreased before another slight increase in Q2 2023. Similar fluctuating trends are seen in current assets on revenue.  The ratio of retained earnings to revenue exhibits substantial increases and decreases. The SG&A expense ratio shows minimal fluctuation and a slight downward trend.  Invest efficiency and retained earnings on assets trend upward with modest fluctuations. Earnings per share experienced a significant decrease in Q1 2023, but then increased slightly in Q2 2023 before an increase in Q3 2023.