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 28.64 (%).Trend:Decrease 42.16% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 84.43 (%).Trend:Increase 194.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.4 (%).Trend:Decrease 50.97% than previous quarter

Overall: increasing (44.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 212.08 (%).Trend:Decrease 36.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 562.77 (%).Trend:Increase 165.36% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 260.06 (%).Trend:Decrease 53.79% than previous quarter

Overall: increasing (22.62%). 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 -204.57 (%).Trend:Decrease 29.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -675.29 (%).Trend:Increase 230.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -344.69 (%).Trend:Decrease 48.96% than previous quarter

Overall: decreasing (68.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 66.62 (%).Trend:Decrease 0.36% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 72.6 (%).Trend:Increase 8.98% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 69.21 (%).Trend:Decrease 4.67% than previous quarter

Overall: increasing (3.89%). 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 -42.93 (%).Trend:Increase 9.21% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -51.31 (%).Trend:Increase 19.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -55.59 (%).Trend:Increase 8.34% than previous quarter

Overall: decreasing (29.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.43 (USD).Trend:Increase 68.24% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.72 (USD).Trend:Decrease 49.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 38.89% than previous quarter

Overall: increasing (-30.07%). Fluctuation: **Significant** (high variation).



The Q3 2022 – Q2 2023 financial data shows significant volatility.  Liabilities and current assets on revenue increased, by 44.55% and 22.62% respectively.  Cost efficiency is negatively impacted, with a substantial decrease in the ratio of retained earnings to revenue (-68.49%), although SG&A expense increases are modest.  Investment efficiency is also poor, with declines in retained earnings on assets (-29.49%) and a relatively small increase in earnings per share (-30.07%).  High variation is present in all analyzed metrics.