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 28.92 (%).Trend:Decrease 32.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.8 (%).Trend:Increase 213.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.55 (%).Trend:Decrease 50.94% than previous quarter

Overall: increasing (54.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 53.6 (%).Trend:Decrease 35.95% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 158.54 (%).Trend:Increase 195.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.21 (%).Trend:Decrease 48.78% than previous quarter

Overall: increasing (51.51%). 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 -19.24 (%).Trend:Decrease 32.82% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -54.68 (%).Trend:Increase 184.2% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -25.0 (%).Trend:Decrease 54.28% than previous quarter

Overall: decreasing (29.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.17 (%).Trend:Decrease 2.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.36 (%).Trend:Increase 7.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.68 (%).Trend:Increase 1.84% than previous quarter

Overall: increasing (9.34%). 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 -15.58 (%).Trend:Increase 7.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -15.22 (%).Trend:Decrease 2.31% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -13.73 (%).Trend:Decrease 9.79% than previous quarter

Overall: increasing (-11.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.43 (USD).Trend:Increase 34.37% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.32 (USD).Trend:Decrease 25.58% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 153.13% than previous quarter

Overall: increasing (88.37%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 display significant volatility. Liabilities on revenue increased markedly in Q1 2023 before decreasing in Q2 2023. Current assets on revenue showed a similar pattern of substantial fluctuation. Cost efficiency, as reflected in the ratio of retained earnings to revenue, declined substantially in Q1 2023 then again in Q2, but the SG&A expense ratio shows a steady, moderate increase. Investment efficiency shows fluctuating decreases in retained earnings on assets, while earnings per share also demonstrate substantial fluctuation.