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 25.72 (%).Trend:Decrease 57.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 20.17 (%).Trend:Decrease 21.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 9.64 (%).Trend:Decrease 52.21% than previous quarter

Overall: decreasing (-62.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.32 (%).Trend:Decrease 11.6% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 103.43 (%).Trend:Increase 169.91% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 49.9 (%).Trend:Decrease 51.75% than previous quarter

Overall: increasing (30.22%). 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 122.16 (%).Trend:Decrease 31.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 661.44 (%).Trend:Increase 441.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 406.29 (%).Trend:Decrease 38.57% than previous quarter

Overall: increasing (232.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 40.93 (%).Trend:Increase 5.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 50.3 (%).Trend:Increase 22.89% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 50.78 (%).Trend:Increase 0.95% than previous quarter

Overall: increasing (24.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.33 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.27 (USD).Trend:Decrease 18.18% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 3.7% than previous quarter

Overall: decreasing (-21.21%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q3 2022 to Q2 2023 reveal a mixed picture. Liabilities on revenue decreased significantly (-62.52%). Current assets on revenue increased (30.22%) although with high volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial increase (232.59%) with high volatility.  Investment efficiency demonstrates a positive overall trend (24.07%) with neutral fluctuation. Earnings per share are declining (-21.21%). The notable fluctuations across key metrics suggest underlying factors driving the reported changes require further examination.