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 28.79 (%).Trend:Decrease 25.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 66.75 (%).Trend:Increase 131.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.57 (%).Trend:Decrease 42.22% than previous quarter

Overall: increasing (33.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 61.81 (%).Trend:Decrease 29.25% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 167.65 (%).Trend:Increase 171.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 88.57 (%).Trend:Decrease 47.17% than previous quarter

Overall: increasing (43.29%). 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 82.88 (%).Trend:Decrease 32.13% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 233.97 (%).Trend:Increase 182.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 116.66 (%).Trend:Decrease 50.14% than previous quarter

Overall: increasing (40.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.12 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.84 (%).Trend:Increase 8.14% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.17 (%).Trend:Decrease 2.93% than previous quarter

Overall: increasing (4.97%). 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 60.62 (%).Trend:Increase 0.83% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 60.87 (%).Trend:Increase 0.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.06 (%).Trend:Decrease 1.33% than previous quarter

Overall: decreasing (-0.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.57 (USD).Trend:Increase 69.3% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.43 (USD).Trend:Decrease 74.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.3 (USD).Trend:Increase 130.77% than previous quarter

Overall: decreasing (-40.75%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows considerable volatility. Working capital efficiency, reflected in liabilities and current assets on revenue, showed increases overall but with major quarter-to-quarter variations. Cost efficiency, as indicated by the retained earnings-to-revenue ratio, also increased overall but with substantial changes in each quarter. Selling, General, and Administrative (SG&A) expenses exhibited moderate growth. Investment efficiency decreased slightly overall, with modest fluctuations. Earnings per share also decreased overall but showed significant quarterly fluctuations.