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 49.45 (%).Trend:Decrease 47.89% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 203.27 (%).Trend:Increase 311.06% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 89.98 (%).Trend:Decrease 55.73% than previous quarter

Overall: increasing (81.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.18 (%).Trend:Decrease 32.23% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 301.09 (%).Trend:Increase 237.62% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.11 (%).Trend:Decrease 50.81% than previous quarter

Overall: increasing (66.08%). 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 323.15 (%).Trend:Decrease 29.61% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 950.95 (%).Trend:Increase 194.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 479.52 (%).Trend:Decrease 49.57% than previous quarter

Overall: increasing (48.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.9 (%).Trend:Increase 5.66% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.26 (%).Trend:Decrease 2.38% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.02 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (0.45%). 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 96.86 (%).Trend:Increase 4.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 94.97 (%).Trend:Decrease 1.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 96.75 (%).Trend:Increase 1.87% than previous quarter

Overall: decreasing (-0.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 34.23% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-33.33%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023, liabilities on revenue increased significantly (81.96%), as did current assets on revenue (66.08%), and the ratio of retained earnings to revenue (48.39%), all with high variation.  The SG&A expense ratio increased slightly (0.45%) with low variation. Retained earnings on assets decreased slightly (-0.11%). Earnings per share decreased significantly (-33.33%) with high variation.