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 25.79 (%).Trend:Decrease 25.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 79.08 (%).Trend:Increase 206.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.63 (%).Trend:Decrease 23.33% than previous quarter

Overall: increasing (135.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 70.38 (%).Trend:Decrease 34.01% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 144.37 (%).Trend:Increase 105.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.7 (%).Trend:Decrease 44.1% than previous quarter

Overall: increasing (14.66%). 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 -64.7 (%).Trend:Decrease 22.88% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -232.28 (%).Trend:Increase 259.01% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -147.24 (%).Trend:Decrease 36.61% than previous quarter

Overall: decreasing (127.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 73.55 (%).Trend:Increase 6.5% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 83.72 (%).Trend:Increase 13.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 80.18 (%).Trend:Decrease 4.23% than previous quarter

Overall: increasing (9.01%). 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 -26.72 (%).Trend:Increase 11.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -36.0 (%).Trend:Increase 34.73% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -45.23 (%).Trend:Increase 25.64% than previous quarter

Overall: decreasing (69.27%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in key metrics. Liabilities on Revenue showed a substantial overall increase despite quarterly decreases, indicating instability. Current assets on Revenue exhibited similar volatility, with a modest overall gain.  Cost efficiency, as measured by Retained Earnings on Revenue, deteriorated dramatically. In contrast, SG&A expenses showed only minor increases. Investment efficiency, represented by Retained Earning on Assets, worsened substantially.  The data highlights the need for improved financial stability.