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 28.29 (%).Trend:Decrease 33.26% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 81.58 (%).Trend:Increase 188.37% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 44.95 (%).Trend:Decrease 44.9% than previous quarter

Overall: increasing (58.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 67.42 (%).Trend:Decrease 34.95% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 215.0 (%).Trend:Increase 218.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 104.87 (%).Trend:Decrease 51.22% than previous quarter

Overall: increasing (55.55%). 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 50.89 (%).Trend:Decrease 31.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 172.2 (%).Trend:Increase 238.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 87.84 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (72.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.29 (%).Trend:Decrease 0.7% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.64 (%).Trend:Increase 3.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.85 (%).Trend:Increase 1.8% than previous quarter

Overall: increasing (4.96%). 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 31.63 (%).Trend:Increase 4.08% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 33.3 (%).Trend:Increase 5.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 34.75 (%).Trend:Increase 4.35% than previous quarter

Overall: increasing (9.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.34 (USD).Trend:Increase 56.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 68.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.51 (USD).Trend:Increase 104.05% than previous quarter

Overall: decreasing (-35.47%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals substantial volatility in various financial metrics. Liabilities and current assets on revenue show significant increases and decreases across the three quarters.  The ratio of retained earnings to revenue demonstrates similar substantial variations. While SG&A expense ratio shows a small, steady upward trend, earning per share displays high volatility with substantial fluctuations.  Retained earnings on assets, however, shows a consistent upward trend.