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 38.14 (%).Trend:Decrease 37.91% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 156.66 (%).Trend:Increase 310.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 83.35 (%).Trend:Decrease 46.8% than previous quarter

Overall: increasing (118.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.47 (%).Trend:Decrease 37.48% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 173.16 (%).Trend:Increase 230.02% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 82.58 (%).Trend:Decrease 52.31% than previous quarter

Overall: increasing (57.39%). 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 10.33 (%).Trend:Decrease 30.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 1.87 (%).Trend:Decrease 81.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -13.88 (%).Trend:Decrease 842.25% than previous quarter

Overall: decreasing (-234.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.17 (%).Trend:Increase 1.36% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.73 (%).Trend:Increase 51.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.75 (%).Trend:Decrease 4.98% than previous quarter

Overall: increasing (44.25%). 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 8.99 (%).Trend:Increase 10.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.44 (%).Trend:Decrease 95.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -7.61 (%).Trend:Decrease 1829.55% than previous quarter

Overall: decreasing (-184.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.78 (USD).Trend:Increase 34.48% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.17 (USD).Trend:Decrease 250.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.71 (USD).Trend:Increase 131.62% than previous quarter

Overall: decreasing (-447.44%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 exhibits substantial volatility.  Working capital efficiency shows increasing liabilities and current assets, though with large quarter-to-quarter variations.  Cost efficiency reveals a substantial decrease in the ratio of retained earnings to revenue, suggesting profitability concerns.  SG&A expenses are trending upwards. Investment efficiency is marked by a drastic decline in retained earnings on assets. Earnings per share are also declining significantly.  These combined factors point to a period of financial instability and potentially declining profitability.