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 35.75 (%).Trend:Decrease 43.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 153.17 (%).Trend:Increase 328.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.07 (%).Trend:Decrease 34.67% than previous quarter

Overall: increasing (179.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 51.02 (%).Trend:Decrease 44.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 203.91 (%).Trend:Increase 299.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 106.48 (%).Trend:Decrease 47.78% than previous quarter

Overall: increasing (108.7%). 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 6.75 (%).Trend:Decrease 37.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 8.35 (%).Trend:Increase 23.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2.25 (%).Trend:Decrease 126.95% than previous quarter

Overall: decreasing (-133.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.37 (%).Trend:Decrease 3.34% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.08 (%).Trend:Increase 29.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.05 (%).Trend:Decrease 11.81% than previous quarter

Overall: increasing (14.43%). 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 4.5 (%).Trend:Increase 6.64% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 1.43 (%).Trend:Decrease 68.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.87 (%).Trend:Decrease 160.84% than previous quarter

Overall: decreasing (-119.33%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q3 2022 to Q2 2023, liabilities and current assets on revenue increased significantly (179.92% and 108.7%, respectively).  However, cost efficiency, indicated by the ratio of retained earnings to revenue, decreased sharply (-133.33%), and investment efficiency, represented by retained earnings on assets, also declined substantially (-119.33%).  SG&A expense ratio showed a moderate increase (14.43%).  High fluctuation is a consistent characteristic.