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 41.06 (%).Trend:Decrease 41.76% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 101.44 (%).Trend:Increase 147.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.72 (%).Trend:Decrease 42.11% than previous quarter

Overall: increasing (43.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.2 (%).Trend:Decrease 39.85% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 142.95 (%).Trend:Increase 173.85% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.43 (%).Trend:Decrease 43.74% than previous quarter

Overall: increasing (54.08%). 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 66.76 (%).Trend:Decrease 29.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 177.58 (%).Trend:Increase 166.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 97.78 (%).Trend:Decrease 44.94% than previous quarter

Overall: increasing (46.46%). 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 39.25 (%).Trend:Increase 7.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 39.61 (%).Trend:Increase 0.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.93 (%).Trend:Increase 0.81% than previous quarter

Overall: increasing (1.73%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 16.28% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

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



Working capital efficiency, gauged by liabilities and current assets on revenue, displays significant fluctuations in Q3 2022 to Q2 2023. Liabilities on revenue decreased sharply, then increased significantly, and decreased again. Similarly, current assets on revenue decreased substantially then increased sharply. Cost efficiency, using the retained earnings to revenue ratio, shows a similar significant pattern of increases and decreases. Investment efficiency, calculated by retained earnings on assets, has stable growth. Earnings per share declined sharply then rose back up.