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 21.64 (%).Trend:Decrease 32.33% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.63 (%).Trend:Increase 198.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.26 (%).Trend:Decrease 48.54% than previous quarter

Overall: increasing (53.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 32.98 (%).Trend:Decrease 33.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 89.91 (%).Trend:Increase 172.62% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 44.48 (%).Trend:Decrease 50.53% than previous quarter

Overall: increasing (34.87%). 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 6.32 (%).Trend:Decrease 31.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 15.28 (%).Trend:Increase 141.77% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 7.03 (%).Trend:Decrease 53.99% than previous quarter

Overall: increasing (11.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.91 (%).Trend:Increase 6.56% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.79 (%).Trend:Increase 11.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.77 (%).Trend:Decrease 0.11% than previous quarter

Overall: increasing (11.69%). 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 8.45 (%).Trend:Increase 3.05% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 7.26 (%).Trend:Decrease 14.08% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.76 (%).Trend:Decrease 6.89% than previous quarter

Overall: decreasing (-20.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.08 (USD).Trend:Increase 17.39% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.32 (USD).Trend:Decrease 129.63% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.7 (USD).Trend:Increase 118.75% than previous quarter

Overall: decreasing (-164.81%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals increases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, though all exhibit high volatility.  SG&A expenses also increased moderately. Conversely, retained earnings on assets and earnings per share significantly decreased, indicating a potentially concerning trend.