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 32.09 (%).Trend:Decrease 32.14% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 94.43 (%).Trend:Increase 194.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 42.05 (%).Trend:Decrease 55.47% than previous quarter

Overall: increasing (31.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 110.38 (%).Trend:Decrease 30.95% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 332.0 (%).Trend:Increase 200.78% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 163.52 (%).Trend:Decrease 50.75% than previous quarter

Overall: increasing (48.14%). 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 64.88 (%).Trend:Decrease 30.36% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 213.0 (%).Trend:Increase 228.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 111.16 (%).Trend:Decrease 47.81% than previous quarter

Overall: increasing (71.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.86 (%).Trend:Decrease 4.15% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.97 (%).Trend:Increase 1.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.88 (%).Trend:Decrease 1.13% than previous quarter

Overall: increasing (0.25%). 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 29.53 (%).Trend:Increase 7.07% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 31.19 (%).Trend:Increase 5.62% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.74 (%).Trend:Increase 8.18% than previous quarter

Overall: increasing (14.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.35 (USD).Trend:Increase 60.71% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 82.96% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.88 (USD).Trend:Increase 282.61% than previous quarter

Overall: decreasing (-34.81%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency metrics (liabilities and current assets on revenue), both showing overall increases.  Cost efficiency, as measured by retained earnings to revenue, also increased significantly.  Conversely, earnings per share decreased substantially.  SG&A expense ratio exhibited only minor changes.  Retained earnings on assets showed a small, consistent increase.