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 20.26 (%).Trend:Decrease 29.97% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 56.39 (%).Trend:Increase 178.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.53 (%).Trend:Decrease 56.5% than previous quarter

Overall: increasing (21.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 70.35 (%).Trend:Decrease 29.45% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 233.77 (%).Trend:Increase 232.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.61 (%).Trend:Decrease 48.41% than previous quarter

Overall: increasing (71.44%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.58 (%).Trend:Decrease 6.4% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.5 (%).Trend:Decrease 5.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.06 (%).Trend:Decrease 2.51% than previous quarter

Overall: decreasing (-8.18%). 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
Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.62 (USD).Trend:Increase 143.16% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.77 (USD).Trend:Decrease 61.69% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 116.95% than previous quarter

Overall: decreasing (-16.88%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant fluctuations in working capital efficiency, with liabilities and current assets on revenue experiencing substantial increases and decreases across three quarters.  Cost efficiency, conversely, shows a steady decline in SG&A expense ratios.  Investment efficiency, however, exhibits large swings in earning per share.