Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 34.51 (%).Trend:Decrease 50.05% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.04 (%).Trend:Decrease 39.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.68 (%).Trend:Increase 93.35% than previous quarter

Overall: increasing (17.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 131.91 (%).Trend:Decrease 44.64% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 102.71 (%).Trend:Decrease 22.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 161.93 (%).Trend:Increase 57.66% than previous quarter

Overall: increasing (22.76%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 91.96 (%).Trend:Decrease 46.84% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 66.64 (%).Trend:Decrease 27.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 121.26 (%).Trend:Increase 81.96% than previous quarter

Overall: increasing (31.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.86 (%).Trend:Increase 0.84% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.8 (%).Trend:Increase 6.72% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.52 (%).Trend:Increase 21.82% than previous quarter

Overall: increasing (30.01%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 26.36 (%).Trend:Increase 4.35% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 26.88 (%).Trend:Increase 1.97% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.92 (%).Trend:Increase 0.15% than previous quarter

Overall: increasing (2.12%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q2 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency.  Liabilities on revenue increased overall with notable volatility, while current assets on revenue also showed overall increases with moderate variability. Cost efficiency, with the ratio of retained earnings to revenue, demonstrates substantial swings, but an overall increase.  The Selling, General, and Administrative (SG&A) expense ratio also increased with a neutral fluctuation pattern. Investment efficiency, based on retained earnings on assets, shows a minimal overall increase with low variability.