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 84.44 (%).Trend:Decrease 37.36% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 265.37 (%).Trend:Increase 214.27% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 107.87 (%).Trend:Decrease 59.35% than previous quarter

Overall: increasing (27.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 81.12 (%).Trend:Decrease 31.01% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 244.06 (%).Trend:Increase 200.86% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 116.32 (%).Trend:Decrease 52.34% than previous quarter

Overall: increasing (43.39%). 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 37.9 (%).Trend:Decrease 27.71% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 115.8 (%).Trend:Increase 205.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 60.36 (%).Trend:Decrease 47.88% than previous quarter

Overall: increasing (59.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.75 (%).Trend:Increase 1.97% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.5 (%).Trend:Increase 17.42% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.34 (%).Trend:Decrease 4.75% than previous quarter

Overall: increasing (11.85%). 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 5.8 (%).Trend:Increase 10.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 5.46 (%).Trend:Decrease 5.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.95 (%).Trend:Increase 8.97% than previous quarter

Overall: increasing (2.59%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 shows significant fluctuation in working capital efficiency. Liabilities on revenue increased substantially in Q1 2023 after significant decreases, then fell back in Q2 and Q3. Current assets on revenue followed a similar trend, increasing dramatically in Q1, then declining afterward. Cost efficiency (ratio of retained earnings to revenue) also experienced substantial fluctuation, with a substantial increase in Q1 followed by a decline in subsequent quarters. The SG&A expense ratio trended upward with limited fluctuation. Investment efficiency (retained earnings on assets) increased slightly overall.