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 31.32 (%).Trend:Decrease 44.47% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 163.96 (%).Trend:Increase 423.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 75.72 (%).Trend:Decrease 53.82% than previous quarter

Overall: increasing (141.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.54 (%).Trend:Decrease 41.84% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 193.75 (%).Trend:Increase 402.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.93 (%).Trend:Decrease 53.07% than previous quarter

Overall: increasing (135.94%). 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 13.85 (%).Trend:Decrease 17.41% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 58.3 (%).Trend:Increase 320.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.46 (%).Trend:Decrease 54.61% than previous quarter

Overall: increasing (91.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.51 (%).Trend:Decrease 4.51% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.23 (%).Trend:Increase 28.59% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.86 (%).Trend:Decrease 11.16% than previous quarter

Overall: increasing (14.23%). 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 13.84 (%).Trend:Increase 36.62% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.78 (%).Trend:Decrease 7.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.32 (%).Trend:Increase 4.23% than previous quarter

Overall: decreasing (-3.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 8.14 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.62 (USD).Trend:Decrease 92.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.21 (USD).Trend:Increase 256.45% than previous quarter

Overall: decreasing (-72.85%). Fluctuation: **Significant** (high variation).



The financial statements for the period Q3 2022 to Q2 2023 reveal significant fluctuations in working capital efficiency. Liabilities on revenue increased substantially in Q1 2023, before decreasing in Q2 2023. Current assets on revenue also show a similar pattern of significant increases and decreases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibits large swings,  with a notable increase in Q1 2023, then decreasing substantially in subsequent quarters.  The selling, general, and administrative (SG&A) expense ratio shows a moderate increase overall. Investment efficiency, as seen by retained earnings on assets, is relatively stable. However, earnings per share show a drastic decline, followed by a dramatic increase in Q2, and another increase in Q2 2023.