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 510.13 (%).Trend:Decrease 18.33% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 929.08 (%).Trend:Increase 82.13% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 543.93 (%).Trend:Decrease 41.45% than previous quarter

Overall: increasing (6.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 516.58 (%).Trend:Decrease 20.58% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 900.67 (%).Trend:Increase 74.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 536.14 (%).Trend:Decrease 40.47% than previous quarter

Overall: increasing (3.79%). 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 165.75 (%).Trend:Decrease 34.92% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 499.07 (%).Trend:Increase 201.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 247.87 (%).Trend:Decrease 50.33% than previous quarter

Overall: increasing (49.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.75 (%).Trend:Decrease 1.88% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.98 (%).Trend:Increase 1.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.24 (%).Trend:Increase 1.37% than previous quarter

Overall: increasing (2.61%). 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 28.45 (%).Trend:Decrease 15.98% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 45.38 (%).Trend:Increase 59.51% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.18 (%).Trend:Decrease 13.66% than previous quarter

Overall: increasing (37.72%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.53 (USD).Trend:Increase 66.57% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.88 (USD).Trend:Decrease 66.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 104.26% than previous quarter

Overall: decreasing (-30.56%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, the company experienced dynamic shifts. Working capital metrics, liabilities and current assets, both increased with significant fluctuation. The ratio of retained earnings to revenue rose substantially (49.54%) despite considerable fluctuation, while SG&A expenses saw a slight increase (2.61%) with low variation. Investment efficiency improved with increasing retained earnings on assets (37.72%), showing moderate variation. Notably, Earnings Per Share declined (-30.56%) with significant fluctuation. These trends suggest a period of growth coupled with instability, demanding close monitoring of key performance indicators.