Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 44.35 (%).Trend:Decrease 38.14% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.46 (%).Trend:Decrease 20.05% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 52.12 (%).Trend:Increase 46.98% than previous quarter

Overall: increasing (17.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 93.23 (%).Trend:Decrease 52.85% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 67.94 (%).Trend:Decrease 27.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 105.1 (%).Trend:Increase 54.7% than previous quarter

Overall: increasing (12.73%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 17.98 (%).Trend:Decrease 55.25% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 12.87 (%).Trend:Decrease 28.42% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.88 (%).Trend:Increase 62.24% than previous quarter

Overall: increasing (16.13%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.3 (%).Trend:Decrease 26.55% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.93 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Increase 15.43% than previous quarter

Overall: increasing (5.1%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 8.51 (%).Trend:Increase 13.62% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.97 (%).Trend:Increase 5.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 9.44 (%).Trend:Increase 5.24% than previous quarter

Overall: increasing (10.93%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.59 (USD).Trend:Decrease 427.78% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 96.61% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.46 (USD).Trend:Decrease 60.34% than previous quarter

Overall: decreasing (-22.03%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q2 2023 shows mixed results. Liabilities on revenue increases moderately, while current assets on revenue also show a moderate increase. Cost efficiency, indicated by the retained earnings-to-revenue ratio, is slightly increasing, with moderate variation.  Selling, General & Administrative (SG&A) expense ratio demonstrates a very slight increase. Investment efficiency (retained earnings on assets) is generally increasing with little fluctuation. Earnings per share shows a decrease with significant fluctuation.