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 35.12 (%).Trend:Decrease 35.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 70.29 (%).Trend:Increase 100.14% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.67 (%).Trend:Decrease 37.87% than previous quarter

Overall: increasing (24.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 67.47 (%).Trend:Decrease 34.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.84 (%).Trend:Increase 125.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.86 (%).Trend:Decrease 48.72% than previous quarter

Overall: increasing (15.4%). 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 3.37 (%).Trend:Decrease 44.75% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 9.57 (%).Trend:Increase 183.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 3.41 (%).Trend:Decrease 64.37% than previous quarter

Overall: increasing (1.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.76 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.28 (%).Trend:Increase 4.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.3 (%).Trend:Increase 0.05% than previous quarter

Overall: increasing (4.19%). 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 2.85 (%).Trend:Decrease 14.41% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 2.98 (%).Trend:Increase 4.56% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 2.13 (%).Trend:Decrease 28.52% than previous quarter

Overall: decreasing (-25.26%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.28 (USD).Trend:Increase 100.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 82.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.3 (USD).Trend:Increase 500.0% than previous quarter

Overall: decreasing (7.14%). Fluctuation: **Significant** (high variation).



The financial statements from Q3 2022 to Q2 2023 show considerable volatility. Liabilities on revenue demonstrate a significant fluctuation, decreasing in Q3 2022 and Q2 2023, but increasing in Q1 2023.  Current assets on revenue display a similar volatile pattern.  Cost efficiency data shows a significant decrease in the retained earnings-to-revenue ratio, contrasting with a somewhat stable SG&A expense ratio.  Investment efficiency, as measured by retained earnings on assets, shows a negative trend. Earnings per share also exhibit substantial fluctuations, declining in Q1 and Q3 2023 and increasing in Q2 2023. This suggests a need for a deeper financial analysis to understand the reasons behind the significant variations in these key performance indicators (KPIs).