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 35.85 (%).Trend:Decrease 48.13% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 94.66 (%).Trend:Increase 164.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 53.71 (%).Trend:Decrease 43.26% than previous quarter

Overall: increasing (49.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 485.31 (%).Trend:Decrease 37.69% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1321.24 (%).Trend:Increase 172.25% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 637.23 (%).Trend:Decrease 51.77% than previous quarter

Overall: increasing (31.3%). 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 -481.29 (%).Trend:Decrease 26.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1434.72 (%).Trend:Increase 198.1% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -696.53 (%).Trend:Decrease 51.45% than previous quarter

Overall: decreasing (44.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 91.25 (%).Trend:Decrease 8.24% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 73.39 (%).Trend:Decrease 19.57% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.4 (%).Trend:Decrease 2.71% than previous quarter

Overall: decreasing (-21.75%). 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 -85.87 (%).Trend:Increase 20.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -95.54 (%).Trend:Increase 11.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -96.53 (%).Trend:Increase 1.04% than previous quarter

Overall: decreasing (12.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 70.94% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 92.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.33 (USD).Trend:Increase 106.25% than previous quarter

Overall: increasing (-83.5%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in key metrics. Liabilities on Revenue and Current Assets on Revenue increased overall, but with considerable quarter-to-quarter volatility. The Ratio of Retained Earnings to Revenue decreased substantially, exhibiting high variation.  Conversely, the SG&A expense ratio showed a moderate, overall decrease. Retained Earnings on Assets and Earnings Per Share also displayed significant volatility and decreasing trends.