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 31.46 (%).Trend:Decrease 37.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.82 (%).Trend:Increase 118.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.53 (%).Trend:Decrease 36.75% than previous quarter

Overall: increasing (38.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 80.29 (%).Trend:Decrease 30.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 183.77 (%).Trend:Increase 128.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.57 (%).Trend:Decrease 50.17% than previous quarter

Overall: increasing (14.05%). 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 16.77 (%).Trend:Decrease 29.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 57.7 (%).Trend:Increase 244.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 27.35 (%).Trend:Decrease 52.6% than previous quarter

Overall: increasing (63.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.15 (%).Trend:Increase 6.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Increase 33.4% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.81 (%).Trend:Decrease 1.98% than previous quarter

Overall: increasing (30.76%). Fluctuation: **Neutral** (moderate 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 17.89 (%).Trend:Increase 3.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 21.98 (%).Trend:Increase 22.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.13 (%).Trend:Decrease 3.87% than previous quarter

Overall: increasing (18.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Working capital efficiency shows significant fluctuation in liabilities and current assets on revenue from Q3 2022 to Q2 2023, with both increasing then decreasing. Cost efficiency shows similar high variation in the retained earnings to revenue ratio, increasing then decreasing. SG&A expense ratio demonstrates moderate fluctuation, increasing overall. Investment efficiency reveals moderate fluctuations with a general increasing trend in retained earnings on assets.