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 16.21 (%).Trend:Decrease 29.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 45.96 (%).Trend:Increase 183.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.74 (%).Trend:Decrease 46.17% than previous quarter

Overall: increasing (52.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.51 (%).Trend:Decrease 35.31% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 116.03 (%).Trend:Increase 160.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.73 (%).Trend:Decrease 48.52% than previous quarter

Overall: increasing (34.19%). 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 68.66 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 184.84 (%).Trend:Increase 169.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 91.97 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (33.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.07 (%).Trend:Increase 0.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 0.62% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 1.63% than previous quarter

Overall: decreasing (-2.24%). 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 72.63 (%).Trend:Increase 0.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.11 (%).Trend:Increase 0.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 71.91 (%).Trend:Decrease 1.64% than previous quarter

Overall: decreasing (-0.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of Q3 2022 to Q2 2023 financial statements reveals considerable volatility.  Working capital efficiency, as seen in liabilities and current assets on revenue, shows a strong upward trend in Q1 2023, followed by a decrease in Q2 2023.  Cost efficiency metrics, like the retained earnings-to-revenue ratio, displays significant increases in Q1 2023, but a substantial decline in Q2 2023.  SG&A expense ratios show a relatively stable downward trend. Investment efficiency, measured by retained earnings on assets, displays little fluctuation.  The financial picture indicates considerable volatility, particularly noticeable in Q1 2023, with substantial improvements in efficiency metrics but subsequent adjustments.