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

Liabilities on Revenue
Current assets on Revenue

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 -82.68 (%).Trend:Decrease 40.13% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -195.07 (%).Trend:Increase 135.93% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -95.62 (%).Trend:Decrease 50.98% than previous quarter

Overall: decreasing (15.65%). 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 -25.91 (%).Trend:Decrease 5.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -23.77 (%).Trend:Decrease 8.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -19.09 (%).Trend:Decrease 19.69% than previous quarter

Overall: increasing (-26.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.29 (USD).Trend:Increase 174.47% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.11 (USD).Trend:Decrease 13.95% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.29 (USD).Trend:Increase 106.31% than previous quarter

Overall: increasing (77.52%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 shows highly variable financial performance. The ratio of retained earnings to revenue is decreasing but with significant quarter-to-quarter fluctuations.  Retained earnings on assets display a slight overall increase but with considerable volatility. Earnings per share (EPS) trend upward but show remarkable changes from quarter to quarter. The data indicate instability and demand further investigation into the contributing factors.