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 20.07 (%).Trend:Decrease 40.14% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 55.64 (%).Trend:Increase 177.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.29 (%).Trend:Decrease 45.56% than previous quarter

Overall: increasing (50.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 7.75 (%).Trend:Decrease 43.84% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 35.48 (%).Trend:Increase 357.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 21.4 (%).Trend:Decrease 39.68% than previous quarter

Overall: increasing (176.13%). 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 -102.94 (%).Trend:Decrease 37.12% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -287.68 (%).Trend:Increase 179.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -138.03 (%).Trend:Decrease 52.02% than previous quarter

Overall: decreasing (34.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -141.41 (%).Trend:Decrease 0.87% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -135.61 (%).Trend:Decrease 4.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -131.59 (%).Trend:Decrease 2.96% than previous quarter

Overall: increasing (-6.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.06 (USD).Trend:Decrease 123.08% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 183.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.03 (USD).Trend:Decrease 160.0% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements show substantial volatility in working capital efficiency. Liabilities on revenue increased overall, with large increases and decreases throughout the period, while current assets on revenue also increased significantly, displaying high variability. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased over the period with significant swings. Investment efficiency, as measured by retained earnings on assets, demonstrated an overall positive trend (though negative values). Earnings per share also declined overall, displaying significant fluctuations.  These results highlight the need for a more in-depth analysis to understand the underlying drivers of these trends.