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 35.28 (%).Trend:Decrease 48.94% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.12 (%).Trend:Decrease 31.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.65 (%).Trend:Increase 35.36% than previous quarter

Overall: decreasing (-7.45%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.03 (%).Trend:Decrease 50.46% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 33.56 (%).Trend:Decrease 35.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 43.22 (%).Trend:Increase 28.78% than previous quarter

Overall: decreasing (-16.93%). 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 38.58 (%).Trend:Decrease 46.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 27.52 (%).Trend:Decrease 28.67% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 47.99 (%).Trend:Increase 74.38% than previous quarter

Overall: increasing (24.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 27.05 (%).Trend:Increase 8.81% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 29.01 (%).Trend:Increase 7.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.68 (%).Trend:Increase 5.76% than previous quarter

Overall: increasing (13.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 6.31 (USD).Trend:Increase 106.89% than previous quarter
Year 2022 Quarter 3: Earning Per Share 9.27 (USD).Trend:Increase 46.91% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.62 (USD).Trend:Decrease 50.16% than previous quarter

Overall: decreasing (-26.78%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q2 2023 shows a slightly negative trend in working capital efficiency with liabilities and current assets decreasing.  Cost efficiency, represented by the ratio of retained earnings to revenue, shows a positive overall trend with substantial quarterly fluctuations. Investment efficiency (retained earnings on assets) is steadily increasing with minor fluctuations.  Earning per share exhibits a notable negative trend with significant fluctuations.