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 38.7 (%).Trend:Decrease 31.25% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 107.75 (%).Trend:Increase 178.42% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.14 (%).Trend:Decrease 47.9% than previous quarter

Overall: increasing (45.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 93.93 (%).Trend:Decrease 36.61% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 284.09 (%).Trend:Increase 202.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 143.56 (%).Trend:Decrease 49.47% than previous quarter

Overall: increasing (52.84%). 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 -131.13 (%).Trend:Decrease 37.25% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -362.03 (%).Trend:Increase 176.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -184.47 (%).Trend:Decrease 49.05% than previous quarter

Overall: decreasing (40.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.82 (%).Trend:Decrease 3.73% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.09 (%).Trend:Decrease 6.7% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.0 (%).Trend:Decrease 0.37% than previous quarter

Overall: decreasing (-7.05%). 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 -84.5 (%).Trend:Decrease 0.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -80.48 (%).Trend:Decrease 4.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -81.86 (%).Trend:Increase 1.71% than previous quarter

Overall: increasing (-3.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.88 (USD).Trend:Increase 28700.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.34 (USD).Trend:Decrease 111.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.99 (USD).Trend:Increase 191.18% than previous quarter

Overall: decreasing (-134.38%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals considerable volatility. Working capital efficiency shows significant increases in liabilities and current assets, but fluctuations persist. Cost efficiency demonstrates a decreasing SG&A expense ratio with low variation, but the retained earnings ratio displays significant increases and decreases. Investment efficiency remains volatile with mixed trends.  Earnings per share show a substantial decline, with major variations in quarterly performance.