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 40.58 (%).Trend:Decrease 46.37% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 28.49 (%).Trend:Decrease 29.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.34 (%).Trend:Increase 52.12% than previous quarter

Overall: increasing (6.8%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 54.42 (%).Trend:Decrease 46.71% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 36.32 (%).Trend:Decrease 33.26% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.83 (%).Trend:Increase 53.72% than previous quarter

Overall: increasing (2.59%). Fluctuation: **Neutral** (moderate 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 37.87 (%).Trend:Decrease 49.26% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 25.93 (%).Trend:Decrease 31.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 41.29 (%).Trend:Increase 59.24% than previous quarter

Overall: increasing (9.03%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Decrease 6.65% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.9 (%).Trend:Decrease 1.0% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.73 (%).Trend:Decrease 1.22% than previous quarter

Overall: decreasing (-2.21%). Fluctuation: **Little** (low 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 33.06 (%).Trend:Decrease 1.37% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 34.51 (%).Trend:Increase 4.39% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 37.42 (%).Trend:Increase 8.43% than previous quarter

Overall: increasing (13.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 3.63 (USD).Trend:Increase 120.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 37.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Decrease 40.0% than previous quarter

Overall: decreasing (-17.36%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q2 2023 reveal a mixed performance trend.  Working capital efficiency metrics show slight increases in both liabilities and current assets on revenue, demonstrating a neutral fluctuation. Cost efficiency is improving, with the SG&A expense ratio declining. The retained earnings-to-revenue ratio is also increasing, although these figures show moderate fluctuation. Investment efficiency displays a consistent increase in retained earnings on assets, while earnings per share exhibit a significant and concerning decline.