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 18.16 (%).Trend:Decrease 22.39% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 46.22 (%).Trend:Increase 154.52% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.53 (%).Trend:Decrease 46.93% than previous quarter

Overall: increasing (35.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 25.8 (%).Trend:Decrease 25.67% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 79.75 (%).Trend:Increase 209.11% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.12 (%).Trend:Decrease 42.17% than previous quarter

Overall: increasing (78.76%). 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 7.22 (%).Trend:Increase 51.68% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 30.06 (%).Trend:Increase 316.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 21.49 (%).Trend:Decrease 28.51% than previous quarter

Overall: increasing (197.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 12.11 (%).Trend:Increase 126.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 18.08 (%).Trend:Increase 49.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.56 (%).Trend:Increase 30.31% than previous quarter

Overall: increasing (94.55%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.51 (USD).Trend:Increase 83.21% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 90.84% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 478.26% than previous quarter

Overall: decreasing (-47.01%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 demonstrate significant fluctuations in key performance indicators. Working capital efficiency metrics (liabilities and current assets on revenue) reveal a trend toward increase.  Cost efficiency (retained earnings to revenue) demonstrates a marked overall increase, despite significant volatility. Investment efficiency (retained earnings on assets) and earnings per share also show increases overall but with significant volatility.