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 17.12 (%).Trend:Decrease 31.55% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 49.6 (%).Trend:Increase 189.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.2 (%).Trend:Decrease 49.19% than previous quarter

Overall: increasing (47.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 66.6 (%).Trend:Decrease 32.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 205.31 (%).Trend:Increase 208.27% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 102.29 (%).Trend:Decrease 50.18% than previous quarter

Overall: increasing (53.59%). 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 62.12 (%).Trend:Decrease 30.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 184.06 (%).Trend:Increase 196.3% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 92.87 (%).Trend:Decrease 49.54% than previous quarter

Overall: increasing (49.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.32 (%).Trend:Decrease 0.07% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.49 (%).Trend:Increase 1.19% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.02 (%).Trend:Decrease 3.24% than previous quarter

Overall: decreasing (-2.09%). 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 52.73 (%).Trend:Increase 3.86% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 53.03 (%).Trend:Increase 0.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 54.31 (%).Trend:Increase 2.41% than previous quarter

Overall: increasing (3.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 6.13 (USD).Trend:Increase 55.19% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.8 (USD).Trend:Decrease 54.32% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.85 (USD).Trend:Increase 108.93% than previous quarter

Overall: decreasing (-4.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 show significant fluctuations in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2023, then decreased in Q2 2023.  Current assets on revenue also displayed a sharp increase in Q1 2023, followed by a substantial decrease in Q2 2023. Cost efficiency ratios, such as the ratio of retained earnings to revenue, similarly show considerable volatility.  SG&A expense ratio trends show a slight overall decrease, with little fluctuation.  Investment efficiency (retained earnings on assets) is relatively stable, with a slight overall increase. Earnings per share show significant volatility, with increases and decreases in each quarter.