Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 138.82 (%).Trend:Decrease 55.23% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.35 (%).Trend:Decrease 37.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.36 (%).Trend:Decrease 30.9% than previous quarter

Overall: decreasing (-56.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 77.97 (%).Trend:Decrease 45.99% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 40.51 (%).Trend:Decrease 48.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.44 (%).Trend:Increase 59.07% than previous quarter

Overall: decreasing (-17.35%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 384.12 (%).Trend:Decrease 47.71% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 264.04 (%).Trend:Decrease 31.26% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 463.88 (%).Trend:Increase 75.69% than previous quarter

Overall: increasing (20.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.16 (%).Trend:Decrease 1.66% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.07 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.5 (%).Trend:Decrease 26.77% than previous quarter

Overall: decreasing (-27.16%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 77.85 (%).Trend:Increase 11.5% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 85.83 (%).Trend:Increase 10.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 142.59 (%).Trend:Increase 66.13% than previous quarter

Overall: increasing (83.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 4.41 (USD).Trend:Increase 40.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 13.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Decrease 80.0% than previous quarter

Overall: decreasing (-77.32%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2022 to Q2 2023 shows a decrease in working capital efficiency, with substantial variation.  Cost efficiency (ratio of retained earnings to revenue) exhibits fluctuations but is increasing overall. Selling, general, and administrative (SG&A) expense ratio shows a decrease. Investment efficiency and earnings per share show major increases and decreases, respectively, but with significant variation.