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 24.6 (%).Trend:Decrease 47.98% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.96 (%).Trend:Increase 164.07% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.31 (%).Trend:Decrease 53.34% than previous quarter

Overall: increasing (23.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.46 (%).Trend:Decrease 33.33% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 184.73 (%).Trend:Increase 191.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 92.37 (%).Trend:Decrease 50.0% than previous quarter

Overall: increasing (45.56%). 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 17.95 (%).Trend:Decrease 18.89% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 67.93 (%).Trend:Increase 278.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 37.84 (%).Trend:Decrease 44.3% than previous quarter

Overall: increasing (110.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.71 (%).Trend:Decrease 1.73% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.68 (%).Trend:Decrease 0.16% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.53 (%).Trend:Decrease 0.8% than previous quarter

Overall: decreasing (-0.96%). 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 9.55 (%).Trend:Increase 24.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.14 (%).Trend:Increase 27.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.77 (%).Trend:Increase 13.43% than previous quarter

Overall: increasing (44.19%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.65 (USD).Trend:Increase 61.76% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 69.09% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.09 (USD).Trend:Increase 113.73% than previous quarter

Overall: decreasing (-33.94%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023 reveals substantial increases in Liabilities on Revenue, Current Assets on Revenue, and the Ratio of Retained Earnings to Revenue, accompanied by significant fluctuations. The SG&A Expense Ratio demonstrated a slight decrease with low variation. Retained Earnings on Assets showed a moderate increase, whereas Earnings Per Share decreased significantly, displaying high volatility.