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 40.96 (%).Trend:Decrease 9.16% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 85.35 (%).Trend:Increase 108.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 59.41% than previous quarter

Overall: decreasing (-15.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 59.49 (%).Trend:Decrease 29.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 170.14 (%).Trend:Increase 186.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 89.07 (%).Trend:Decrease 47.65% than previous quarter

Overall: increasing (49.72%). 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 42.17 (%).Trend:Decrease 31.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 116.8 (%).Trend:Increase 176.97% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 62.68 (%).Trend:Decrease 46.34% than previous quarter

Overall: increasing (48.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.31 (%).Trend:Increase 4.88% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.11 (%).Trend:Decrease 8.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.2 (%).Trend:Increase 4.34% than previous quarter

Overall: decreasing (-4.06%). 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 31.47 (%).Trend:Decrease 2.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 33.18 (%).Trend:Increase 5.43% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.08 (%).Trend:Increase 2.71% than previous quarter

Overall: increasing (8.29%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.27 (USD).Trend:Increase 12.94% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 42.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.34 (USD).Trend:Increase 78.63% than previous quarter

Overall: increasing (3.08%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 reveal fluctuating trends. Liabilities on revenue are decreasing overall (-15.43%), yet with considerable quarter-to-quarter variability. Current assets on revenue showed an overall increase (49.72%) with similarly high fluctuations.  Cost efficiency, represented by the ratio of retained earnings to revenue, experienced substantial growth (48.64%) but with substantial quarter-to-quarter variability.  SG&A expense ratio decreased slightly (-4.06%) exhibiting low volatility.  Investment efficiency, as shown by retained earnings on assets, increased steadily (8.29%) with minor fluctuation. Earnings per share (EPS) increased slightly overall (3.08%) with considerable variations.