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 228.8 (%).Trend:Decrease 41.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 754.78 (%).Trend:Increase 229.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 372.86 (%).Trend:Decrease 50.6% than previous quarter

Overall: increasing (62.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 268.69 (%).Trend:Decrease 39.79% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 873.57 (%).Trend:Increase 225.12% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 423.4 (%).Trend:Decrease 51.53% than previous quarter

Overall: increasing (57.58%). 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 -121.59 (%).Trend:Decrease 32.95% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -479.07 (%).Trend:Increase 294.0% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -246.7 (%).Trend:Decrease 48.5% than previous quarter

Overall: decreasing (102.89%). 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 -19.31 (%).Trend:Increase 9.16% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -25.66 (%).Trend:Increase 32.88% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.96 (%).Trend:Increase 12.86% than previous quarter

Overall: decreasing (49.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.71 (USD).Trend:Increase 33.96% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.73 (USD).Trend:Increase 2.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.27 (USD).Trend:Increase 73.97% than previous quarter

Overall: decreasing (78.87%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 show significant fluctuations in working capital efficiency. Liabilities and current assets on revenue both increased overall but with large quarter-to-quarter swings. Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing significantly. Investment efficiency, as measured by retained earnings on assets, is also decreasing, but with less dramatic quarter-to-quarter changes. Earnings per share are also decreasing, exhibiting substantial variability.  These findings highlight a volatile financial performance with potential instability.