Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 63.78 (%).Trend:Decrease 54.35% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 44.45 (%).Trend:Decrease 30.31% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.34 (%).Trend:Increase 29.0% than previous quarter

Overall: decreasing (-10.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 66.95 (%).Trend:Decrease 56.65% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.25 (%).Trend:Decrease 29.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 61.11 (%).Trend:Increase 29.33% than previous quarter

Overall: decreasing (-8.72%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -216.02 (%).Trend:Decrease 54.14% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -140.68 (%).Trend:Decrease 34.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -171.41 (%).Trend:Increase 21.84% than previous quarter

Overall: increasing (-20.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.09 (%).Trend:Decrease 6.56% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.5 (%).Trend:Increase 2.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Decrease 23.95% than previous quarter

Overall: decreasing (-22.4%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets -107.39 (%).Trend:Increase 3.4% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -103.49 (%).Trend:Decrease 3.63% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -103.74 (%).Trend:Increase 0.24% than previous quarter

Overall: increasing (-3.4%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q2 2022 to Q2 2023 shows generally decreasing trends in key metrics. Liabilities and current assets on revenue show a slight overall decrease, exhibiting neutral fluctuation.  The ratio of retained earnings to revenue is increasing, though with significant fluctuations. The Selling, General & Administrative (SG&A) expense ratio is also decreasing with neutral fluctuation.  Invest efficiency shows a slight increase in retained earnings on assets with significant fluctuation.