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 54.0 (%).Trend:Decrease 66.98% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 36.95 (%).Trend:Decrease 31.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.16 (%).Trend:Increase 51.99% than previous quarter

Overall: increasing (4.0%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 108.58 (%).Trend:Decrease 57.76% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 75.36 (%).Trend:Decrease 30.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.44 (%).Trend:Increase 46.55% than previous quarter

Overall: increasing (1.71%). 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 -1292.86 (%).Trend:Decrease 56.84% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -838.37 (%).Trend:Decrease 35.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1269.97 (%).Trend:Increase 51.48% than previous quarter

Overall: increasing (-1.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.93 (%).Trend:Decrease 12.73% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.0 (%).Trend:Increase 2.75% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.74 (%).Trend:Increase 9.35% than previous quarter

Overall: increasing (12.36%). Fluctuation: **Little** (low 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 -702.7 (%).Trend:Increase 2.92% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -684.79 (%).Trend:Decrease 2.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -679.93 (%).Trend:Decrease 0.71% than previous quarter

Overall: increasing (-3.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.14 (USD).Trend:Decrease 275.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.13 (USD).Trend:Decrease 7.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.08 (USD).Trend:Decrease 38.46% than previous quarter

Overall: decreasing (-42.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q2 2023 show relatively neutral working capital efficiency trends with moderate variations in both liabilities and current assets on revenue. Cost efficiency, reflected in the SG&A expense ratio, shows a positive trend with low variation, while the ratio of retained earnings to revenue exhibits significant volatility. Invest efficiency shows a slight decrease in retained earnings on assets with significant variation. Earnings per share show a decreasing trend with significant volatility.