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 17.56 (%).Trend:Decrease 39.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 49.03 (%).Trend:Increase 179.21% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.4 (%).Trend:Decrease 50.23% than previous quarter

Overall: increasing (38.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 41.59 (%).Trend:Decrease 33.2% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 112.54 (%).Trend:Increase 170.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 57.22 (%).Trend:Decrease 49.16% than previous quarter

Overall: increasing (37.58%). 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 14.09 (%).Trend:Decrease 24.65% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 46.89 (%).Trend:Increase 232.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.54 (%).Trend:Decrease 43.4% than previous quarter

Overall: increasing (88.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.49 (%).Trend:Increase 1.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.69 (%).Trend:Decrease 3.9% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.59 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-4.39%). 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 15.28 (%).Trend:Increase 5.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.84 (%).Trend:Increase 29.84% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.82 (%).Trend:Increase 15.02% than previous quarter

Overall: increasing (49.35%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.57 (USD).Trend:Increase 45.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.1 (USD).Trend:Decrease 54.05% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.54 (USD).Trend:Increase 116.19% than previous quarter

Overall: decreasing (-0.66%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 display significant volatility. Working capital efficiency demonstrates substantial shifts in liabilities and current assets, with large increases in Q1 2023 followed by reductions in Q2 2023. Cost efficiency reveals significant fluctuations, notably a large increase in retained earnings to revenue in Q1 2023.  Investment efficiency shows a steady increase in retained earnings on assets. Earnings per share reveals a noteworthy drop in Q1 2023, followed by an increase in Q2 2023.