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 17.16 (%).Trend:Decrease 39.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.44 (%).Trend:Increase 234.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.23 (%).Trend:Decrease 35.18% than previous quarter

Overall: increasing (116.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.99 (%).Trend:Decrease 40.34% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 75.78 (%).Trend:Increase 161.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.13 (%).Trend:Decrease 61.56% than previous quarter

Overall: increasing (0.48%). 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 83.47 (%).Trend:Decrease 30.32% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 262.59 (%).Trend:Increase 214.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 134.93 (%).Trend:Decrease 48.62% than previous quarter

Overall: increasing (61.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.79 (%).Trend:Decrease 2.11% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.49 (%).Trend:Increase 12.85% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.63 (%).Trend:Decrease 2.65% than previous quarter

Overall: increasing (9.86%). 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 32.62 (%).Trend:Increase 5.77% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 33.03 (%).Trend:Increase 1.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.74 (%).Trend:Decrease 6.93% than previous quarter

Overall: decreasing (-5.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.76 (USD).Trend:Increase 64.91% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 73.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-73.4%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 highlight significant volatility. Liabilities on revenue decreased, then rose substantially, before falling again.  Current assets on revenue displayed a similar pattern of fluctuation. Cost efficiency indicates substantial variation in the retained earnings-to-revenue ratio, with a dramatic increase in Q1 2023, followed by a decrease in Q2 2023.  Selling, General & Administrative (SG&A) expense ratios show a modest overall increase with minimal fluctuation. Investment efficiency demonstrates minimal fluctuation with retained earnings on assets. Earnings per share displays a significant drop in Q1 2023 and remains constant in Q2 2023.