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 12.74 (%).Trend:Decrease 37.82% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 38.51 (%).Trend:Increase 202.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 18.05 (%).Trend:Decrease 53.13% than previous quarter

Overall: increasing (41.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 53.89 (%).Trend:Decrease 34.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 165.06 (%).Trend:Increase 206.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.91 (%).Trend:Decrease 48.56% than previous quarter

Overall: increasing (57.56%). 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 65.87 (%).Trend:Decrease 33.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 188.69 (%).Trend:Increase 186.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 95.43 (%).Trend:Decrease 49.42% than previous quarter

Overall: increasing (44.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.15 (%).Trend:Decrease 3.2% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.42 (%).Trend:Decrease 9.53% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.27 (%).Trend:Decrease 0.91% than previous quarter

Overall: decreasing (-10.36%). 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 53.52 (%).Trend:Increase 1.5% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 53.8 (%).Trend:Increase 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.76 (%).Trend:Increase 1.78% than previous quarter

Overall: increasing (2.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.86 (USD).Trend:Increase 50.88% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 47.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.92 (USD).Trend:Increase 104.44% than previous quarter

Overall: increasing (6.98%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 reveals significant volatility in working capital efficiency, characterized by fluctuating liabilities and current assets on revenue. Cost efficiency shows a drastic increase in the retained earnings-to-revenue ratio in Q1 2023, followed by a decrease in Q2. SG&A expense ratios show minimal change, decreasing steadily. Investment efficiency exhibits a small, consistent upward trend in retained earnings on assets.  Earnings per share display considerable fluctuation, increasing then decreasing and then increasing again.