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 19.43 (%).Trend:Decrease 35.96% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.56 (%).Trend:Increase 273.44% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.17 (%).Trend:Decrease 57.04% than previous quarter

Overall: increasing (60.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 47.25 (%).Trend:Decrease 36.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 187.14 (%).Trend:Increase 296.06% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.38 (%).Trend:Decrease 61.32% than previous quarter

Overall: increasing (53.19%). 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 23.81 (%).Trend:Decrease 28.2% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 88.18 (%).Trend:Increase 270.35% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 39.36 (%).Trend:Decrease 55.36% than previous quarter

Overall: increasing (65.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.36 (%).Trend:Increase 1.89% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.8 (%).Trend:Increase 37.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.93 (%).Trend:Decrease 19.74% than previous quarter

Overall: increasing (10.13%). 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 28.26 (%).Trend:Increase 9.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 26.07 (%).Trend:Decrease 7.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.02 (%).Trend:Increase 15.15% than previous quarter

Overall: increasing (6.23%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 reveal substantial volatility in key financial metrics. Liabilities and current assets on revenue both show substantial increases and decreases, although ending with a decrease.  The ratio of retained earnings to revenue also demonstrated substantial fluctuations across the quarters, showing a significant overall increase. SG&A expense ratio shows a moderate overall increase. Investment efficiency, measured by retained earnings on assets, showed a slight upward trend with moderate variation.