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 17.04 (%).Trend:Decrease 28.7% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 50.9 (%).Trend:Increase 198.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 28.94 (%).Trend:Decrease 43.14% than previous quarter

Overall: increasing (69.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 74.51 (%).Trend:Decrease 31.19% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 236.53 (%).Trend:Increase 217.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 127.03 (%).Trend:Decrease 46.29% than previous quarter

Overall: increasing (70.49%). 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 71.54 (%).Trend:Decrease 30.54% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 234.55 (%).Trend:Increase 227.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 122.18 (%).Trend:Decrease 47.91% than previous quarter

Overall: increasing (70.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.8 (%).Trend:Increase 0.57% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.21 (%).Trend:Increase 16.02% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 5.19% than previous quarter

Overall: increasing (22.05%). 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 37.37 (%).Trend:Increase 2.89% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 39.81 (%).Trend:Increase 6.53% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 35.91 (%).Trend:Decrease 9.8% than previous quarter

Overall: decreasing (-3.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.91 (USD).Trend:Increase 37.68% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.4 (USD).Trend:Decrease 64.19% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.84 (USD).Trend:Increase 102.86% than previous quarter

Overall: decreasing (-27.37%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased sharply, then decreased, and current assets on revenue also exhibited substantial increases and decreases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates similar volatile trends.  SG&A expense ratio, however, shows a steadier upward trend.  Investment efficiency, measured by retained earnings on assets, shows little fluctuation overall, while earnings per share experienced a significant drop followed by a rebound.