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 43.5 (%).Trend:Decrease 43.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 76.81 (%).Trend:Increase 76.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.31 (%).Trend:Decrease 27.99% than previous quarter

Overall: increasing (27.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 150.1 (%).Trend:Decrease 20.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 187.31 (%).Trend:Increase 24.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 81.24 (%).Trend:Decrease 56.63% than previous quarter

Overall: decreasing (-45.88%). 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 -493.02 (%).Trend:Decrease 41.56% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1166.17 (%).Trend:Increase 136.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -609.52 (%).Trend:Decrease 47.73% than previous quarter

Overall: decreasing (23.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 73.08 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 64.8 (%).Trend:Decrease 11.33% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 63.39 (%).Trend:Decrease 2.18% than previous quarter

Overall: decreasing (-13.26%). 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 -148.78 (%).Trend:Decrease 10.43% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -206.31 (%).Trend:Increase 38.67% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -221.36 (%).Trend:Increase 7.29% than previous quarter

Overall: decreasing (48.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.18 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 55.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.67 (USD).Trend:Increase 3237.5% than previous quarter

Overall: decreasing (1383.33%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant fluctuations in working capital efficiency. Liabilities on revenue increased and decreased, resulting in a net increase overall, while current assets saw a substantial decline. Cost efficiency shows a decreasing trend in SG&A expense ratio.  However, the ratio of retained earnings to revenue, retained earnings on assets, and earning per share all demonstrate significant decreases with substantial fluctuations, raising concern about the company's financial health and stability.