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 34.39 (%).Trend:Decrease 31.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 78.19 (%).Trend:Increase 127.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.04 (%).Trend:Decrease 52.63% than previous quarter

Overall: increasing (7.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 49.02 (%).Trend:Decrease 15.15% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.01 (%).Trend:Increase 36.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 32.13 (%).Trend:Decrease 52.05% than previous quarter

Overall: decreasing (-34.46%). 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 -10.39 (%).Trend:Decrease 29.99% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -38.52 (%).Trend:Increase 270.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.62 (%).Trend:Decrease 59.45% than previous quarter

Overall: decreasing (50.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.79 (%).Trend:Decrease 4.6% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 33.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.48 (%).Trend:Increase 4.76% than previous quarter

Overall: decreasing (-30.68%). Fluctuation: **Neutral** (moderate 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 -12.18 (%).Trend:Decrease 3.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -25.83 (%).Trend:Increase 112.07% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -22.97 (%).Trend:Decrease 11.07% than previous quarter

Overall: decreasing (88.59%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.74 (USD).Trend:Increase 37.04% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.35 (USD).Trend:Decrease 52.7% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Decrease 62.86% than previous quarter

Overall: increasing (-82.43%). Fluctuation: **Significant** (high variation).



The financial performance from Q3 2022 to Q2 2023 is characterized by instability. Working Capital Efficiency shows increasing Liabilities on Revenue (7.71%, significant fluctuation) and decreasing Current Assets on Revenue (-34.46%, significant fluctuation). Cost Efficiency reveals a decreasing Ratio of Retained Earnings to Revenue (-50.34%, significant fluctuation) and a decreasing SG&A Expense Ratio (-30.68%, neutral fluctuation). Investment Efficiency shows a substantial decrease in Retained Earning on Assets (-88.59%, significant fluctuation). Earnings Per Share increased (-82.43%, significant fluctuation). The company is facing challenges in maintaining consistent performance, with significant volatility in key financial ratios.