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 23.73 (%).Trend:Decrease 29.25% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 277.76 (%).Trend:Increase 1070.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 91.78 (%).Trend:Decrease 66.96% than previous quarter

Overall: increasing (286.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.91 (%).Trend:Decrease 33.21% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 511.24 (%).Trend:Increase 1213.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 362.93 (%).Trend:Decrease 29.01% than previous quarter

Overall: increasing (832.74%). 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 6.89 (%).Trend:Decrease 18.27% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 76.5 (%).Trend:Increase 1010.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 193.44 (%).Trend:Increase 152.86% than previous quarter

Overall: increasing (2707.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 2.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.83 (%).Trend:Increase 30.63% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.99 (%).Trend:Decrease 4.24% than previous quarter

Overall: increasing (25.1%). Fluctuation: **Neutral** (moderate 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 5.56 (%).Trend:Increase 22.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 7.17 (%).Trend:Increase 28.96% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.61 (%).Trend:Increase 326.92% than previous quarter

Overall: increasing (450.54%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.48 (USD).Trend:Increase 59.14% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.47 (USD).Trend:Decrease 68.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share 7.55 (USD).Trend:Increase 1506.38% than previous quarter

Overall: increasing (410.14%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows high volatility. Working capital efficiency, evidenced by liabilities and current assets relative to revenue, exhibits significant fluctuations. Cost efficiency displays high variation in the ratio of retained earnings to revenue, while the SG&A expense ratio shows moderate variation. Investment efficiency demonstrates substantial growth in retained earnings on assets. Earning per share shows substantial volatility with significant increases and decreases. These results indicate the need for further investigation into the underlying reasons for the substantial fluctuations.