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 10.25 (%).Trend:Decrease 36.37% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 35.0 (%).Trend:Increase 241.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.0 (%).Trend:Decrease 40.0% than previous quarter

Overall: increasing (104.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.14 (%).Trend:Decrease 33.7% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 118.31 (%).Trend:Increase 168.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.71 (%).Trend:Decrease 43.61% than previous quarter

Overall: increasing (51.13%). 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 83.81 (%).Trend:Decrease 36.86% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 174.59 (%).Trend:Increase 108.32% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.79 (%).Trend:Decrease 49.72% than previous quarter

Overall: increasing (4.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 4.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.14 (%).Trend:Decrease 34.41% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.64 (%).Trend:Decrease 6.14% than previous quarter

Overall: decreasing (-38.44%). Fluctuation: **Significant** (high 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 77.42 (%).Trend:Decrease 0.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.93 (%).Trend:Decrease 4.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 72.69 (%).Trend:Decrease 1.68% than previous quarter

Overall: decreasing (-6.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.46 (USD).Trend:Decrease 235.29% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.58 (USD).Trend:Increase 460.87% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.66 (USD).Trend:Increase 158.14% than previous quarter

Overall: increasing (1347.83%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 shows significant fluctuation across various metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, experienced substantial increases and decreases.  Cost efficiency, represented by the SG&A expense ratio, decreased notably.  The ratio of retained earnings to revenue also saw significant fluctuations. Investment efficiency, as measured by retained earnings on assets, declined steadily. Earnings per share, however, saw a dramatic increase, with Q1 2023 and Q2 2023 showing substantial growth.  Overall, significant variation in performance is evident across all examined areas.