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 58.24 (%).Trend:Decrease 29.49% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 189.13 (%).Trend:Increase 224.74% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 89.14 (%).Trend:Decrease 52.87% than previous quarter

Overall: increasing (53.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 61.99 (%).Trend:Decrease 30.83% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 194.83 (%).Trend:Increase 214.29% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 96.35 (%).Trend:Decrease 50.55% than previous quarter

Overall: increasing (55.43%). 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 143.28 (%).Trend:Decrease 34.64% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 437.15 (%).Trend:Increase 205.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 207.32 (%).Trend:Decrease 52.57% than previous quarter

Overall: increasing (44.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.39 (%).Trend:Decrease 2.13% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.7 (%).Trend:Increase 1.33% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.81 (%).Trend:Decrease 3.76% than previous quarter

Overall: decreasing (-2.48%). 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 74.75 (%).Trend:Decrease 0.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 77.67 (%).Trend:Increase 3.91% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 76.94 (%).Trend:Decrease 0.94% than previous quarter

Overall: increasing (2.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.1 (USD).Trend:Increase 100.79% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.33 (USD).Trend:Decrease 34.71% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.94 (USD).Trend:Increase 78.38% than previous quarter

Overall: increasing (16.47%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 shows significant variation in working capital efficiency, with liabilities and current assets on revenue exhibiting considerable increases and decreases. Cost efficiency, as measured by the retained earnings to revenue ratio, demonstrates substantial fluctuations. SG&A expense ratio shows a slight, consistent decrease, little variation. Investment efficiency shows little fluctuation in retained earnings on assets.  Earnings per share exhibit considerable increases and decreases over the three quarters.