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 87.41 (%).Trend:Decrease 32.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 87.99 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.73 (%).Trend:Decrease 52.57% than previous quarter

Overall: decreasing (-52.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 174.26 (%).Trend:Decrease 32.99% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 252.47 (%).Trend:Increase 44.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 125.84 (%).Trend:Decrease 50.16% than previous quarter

Overall: decreasing (-27.79%). 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 54.4 (%).Trend:Decrease 32.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 94.74 (%).Trend:Increase 74.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.94 (%).Trend:Decrease 53.62% than previous quarter

Overall: decreasing (-19.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.74 (%).Trend:Decrease 1.73% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.83 (%).Trend:Increase 41.32% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.41 (%).Trend:Decrease 2.02% than previous quarter

Overall: increasing (38.47%). Fluctuation: **Neutral** (moderate 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 17.02 (%).Trend:Increase 0.95% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 9.21 (%).Trend:Decrease 45.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 8.45 (%).Trend:Decrease 8.25% than previous quarter

Overall: decreasing (-50.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 29.41% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 142.42% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.14 (USD).Trend:Increase 103.57% than previous quarter

Overall: decreasing (-186.36%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 indicates significant volatility and potential financial distress.  Liabilities and current assets on revenue both decreased, but with significant fluctuations.  Cost efficiency shows a significant improvement in Q1, but falls dramatically in Q2. SG&A expenses increased in Q1 and Q2 but were fluctuating.  Investment efficiency and earnings per share declined considerably across both quarters, highlighting persistent profitability and asset management issues.