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 24.34 (%).Trend:Decrease 32.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.78 (%).Trend:Increase 199.01% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 35.5 (%).Trend:Decrease 51.22% than previous quarter

Overall: increasing (45.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 77.86 (%).Trend:Decrease 30.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 226.8 (%).Trend:Increase 191.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.01 (%).Trend:Decrease 48.85% than previous quarter

Overall: increasing (49.0%). 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 91.86 (%).Trend:Decrease 33.42% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 256.43 (%).Trend:Increase 179.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 126.55 (%).Trend:Decrease 50.65% than previous quarter

Overall: increasing (37.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.48 (%).Trend:Decrease 1.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.74 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.2 (%).Trend:Decrease 2.27% than previous quarter

Overall: decreasing (-1.19%). 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 66.89 (%).Trend:Increase 0.47% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 64.41 (%).Trend:Decrease 3.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 64.3 (%).Trend:Decrease 0.17% than previous quarter

Overall: decreasing (-3.87%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 indicate a complex financial landscape. Working capital efficiency, reflected by both liabilities and current assets on revenue, shows significant fluctuations. Retained earnings to revenue experienced a significant increase in Q1 2023, reversing previous decreases, but then fell in Q2 2023.  Cost efficiency (SG&A expense ratio) exhibits small fluctuations. Investment efficiency, as measured by retained earnings on assets, displays little fluctuation and a slight downward trend. The data suggest a volatile financial environment with high variability in key financial metrics.