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 19.75 (%).Trend:Decrease 33.23% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 60.59 (%).Trend:Increase 206.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.64 (%).Trend:Decrease 49.43% than previous quarter

Overall: increasing (55.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 55.93 (%).Trend:Decrease 33.69% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 170.59 (%).Trend:Increase 205.01% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 84.04 (%).Trend:Decrease 50.74% than previous quarter

Overall: increasing (50.26%). 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 73.08 (%).Trend:Decrease 31.03% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 221.6 (%).Trend:Increase 203.23% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 108.83 (%).Trend:Decrease 50.89% than previous quarter

Overall: increasing (48.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.15 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.37 (%).Trend:Increase 0.78% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.21 (%).Trend:Decrease 4.09% than previous quarter

Overall: decreasing (-3.34%). 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 46.44 (%).Trend:Increase 1.98% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 48.66 (%).Trend:Increase 4.78% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 49.19 (%).Trend:Increase 1.09% than previous quarter

Overall: increasing (5.92%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 88.1% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.5 (USD).Trend:Decrease 36.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.18 (USD).Trend:Increase 136.0% than previous quarter

Overall: increasing (49.37%). Fluctuation: **Significant** (high variation).



Working capital efficiency metrics (liabilities and current assets on revenue) display significant fluctuations over the three quarters. Cost efficiency shows little variation in SG&A expense ratio, while the retained earnings to revenue ratio experiences substantial fluctuations.  Investment efficiency (retained earnings on assets) remains stable. Earning per share demonstrates significant fluctuation, with a substantial decrease in Q1 2023 followed by a significant increase.