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 34.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 50.08 (%).Trend:Increase 191.84% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.39 (%).Trend:Decrease 51.3% than previous quarter

Overall: increasing (42.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 9.23 (%).Trend:Decrease 33.88% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 22.88 (%).Trend:Increase 147.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 9.95 (%).Trend:Decrease 56.51% than previous quarter

Overall: increasing (7.8%). 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 32.29 (%).Trend:Decrease 30.8% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 89.32 (%).Trend:Increase 176.62% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 46.17 (%).Trend:Decrease 48.31% than previous quarter

Overall: increasing (42.99%). 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 41.03 (%).Trend:Increase 1.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 42.38 (%).Trend:Increase 3.29% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 43.06 (%).Trend:Increase 1.6% than previous quarter

Overall: increasing (4.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.09 (USD).Trend:Increase 43.06% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.29 (USD).Trend:Decrease 58.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.52 (USD).Trend:Increase 95.35% than previous quarter

Overall: decreasing (-18.45%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals fluctuating financial performance.  Liabilities on revenue and the ratio of retained earnings to revenue increased significantly, while current assets on revenue showed a smaller increase.  All three exhibited high variation.  Retained earnings on assets showed a small, steady increase,  in contrast to the significant decrease in earnings per share, which also displayed high variation.