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 63.22 (%).Trend:Decrease 31.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 194.97 (%).Trend:Increase 208.4% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 120.48 (%).Trend:Decrease 38.21% than previous quarter

Overall: increasing (90.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 109.8 (%).Trend:Decrease 30.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 353.36 (%).Trend:Increase 221.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176.53 (%).Trend:Decrease 50.04% than previous quarter

Overall: increasing (60.77%). 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 6.29 (%).Trend:Decrease 166.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -11.8 (%).Trend:Decrease 287.6% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1.2 (%).Trend:Decrease 89.83% than previous quarter

Overall: decreasing (-119.08%). 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 0.58 (%).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -0.35 (%).Trend:Decrease 160.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.07 (%).Trend:Decrease 80.0% than previous quarter

Overall: decreasing (-112.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.52 (USD).Trend:Decrease 208.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.12 (USD).Trend:Decrease 315.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.86 (USD).Trend:Decrease 23.21% than previous quarter

Overall: decreasing (-265.38%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, significant fluctuations are evident in working capital efficiency. Liabilities on revenue decreased and then rose significantly in Q1, with subsequent declines. Current assets also exhibited a similar pattern. Cost efficiency analysis again indicates a negative and highly volatile trend in the ratio of retained earnings to revenue from Q3 2022 to Q2 2023.  Investment efficiency displays negative and highly variable retained earnings on assets. Earning per share declined from Q3 2022 to Q2 2023, with substantial negative values.