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 21.05 (%).Trend:Decrease 28.11% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.81 (%).Trend:Increase 226.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.25 (%).Trend:Decrease 50.23% than previous quarter

Overall: increasing (62.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 19.93 (%).Trend:Decrease 29.43% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 59.32 (%).Trend:Increase 197.64% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 28.86 (%).Trend:Decrease 51.35% than previous quarter

Overall: increasing (44.81%). 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 20.58 (%).Trend:Decrease 32.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 57.4 (%).Trend:Increase 178.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 28.29 (%).Trend:Decrease 50.71% than previous quarter

Overall: increasing (37.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.75 (%).Trend:Increase 1.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.96 (%).Trend:Increase 1.01% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.42 (%).Trend:Decrease 2.58% than previous quarter

Overall: decreasing (-1.59%). 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 34.99 (%).Trend:Decrease 1.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.72 (%).Trend:Decrease 6.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.38 (%).Trend:Increase 2.02% than previous quarter

Overall: decreasing (-4.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.61 (USD).Trend:Increase 44.4% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 79.22% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.62 (USD).Trend:Increase 249.33% than previous quarter

Overall: decreasing (-27.42%). Fluctuation: **Significant** (high variation).



Significant fluctuations are observed in working capital efficiency, particularly regarding liabilities and current assets on revenue.  Liabilities and current assets on revenue increased dramatically in Q1 2023 before decreasing again, indicating significant volatility.  Cost efficiency demonstrates a complex trend. While the SG&A expense ratio shows low variation, the retained earnings to revenue ratio fluctuates dramatically, highlighting potentially unstable revenue generation and cost management. Investment efficiency shows little variation with a slight overall decrease in retained earnings on assets. Earnings per share display significant variation, with large increases and decreases, suggesting unpredictable profitability.