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 45.74 (%).Trend:Decrease 26.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 121.59 (%).Trend:Increase 165.83% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.79 (%).Trend:Decrease 51.65% than previous quarter

Overall: increasing (28.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 53.97 (%).Trend:Decrease 38.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.49 (%).Trend:Increase 180.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.28 (%).Trend:Decrease 50.31% than previous quarter

Overall: increasing (39.48%). 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 -31.16 (%).Trend:Decrease 34.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -90.92 (%).Trend:Increase 191.78% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.73 (%).Trend:Decrease 51.9% than previous quarter

Overall: decreasing (40.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.56 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.5 (%).Trend:Increase 2.8% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.47 (%).Trend:Decrease 2.99% than previous quarter

Overall: decreasing (-0.27%). 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 -13.8 (%).Trend:Decrease 8.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -13.75 (%).Trend:Decrease 0.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.94 (%).Trend:Decrease 5.89% than previous quarter

Overall: increasing (-6.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 19.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 91.95% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Increase 157.14% than previous quarter

Overall: decreasing (-79.31%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals substantial volatility in key performance indicators.  Liabilities on revenue and current assets on revenue both increase and decrease markedly across the quarters.  The ratio of retained earnings to revenue displays a decreasing trend with significant fluctuations.  SG&A expense ratios show a minor overall decrease, but with little fluctuation.  Investment efficiency (retained earnings on assets) shows a slight upward trend.  Earnings per share show significant fluctuations, a sharp drop, and then a marked rise.