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 33.32 (%).Trend:Decrease 32.74% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 101.56 (%).Trend:Increase 204.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.45 (%).Trend:Decrease 53.28% than previous quarter

Overall: increasing (42.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 37.8 (%).Trend:Decrease 43.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 134.14 (%).Trend:Increase 254.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 67.17 (%).Trend:Decrease 49.93% than previous quarter

Overall: increasing (77.7%). 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 51.51 (%).Trend:Decrease 24.08% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 186.15 (%).Trend:Increase 261.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 92.44 (%).Trend:Decrease 50.34% than previous quarter

Overall: increasing (79.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.86 (%).Trend:Increase 3.94% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.5 (%).Trend:Increase 15.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.29 (%).Trend:Decrease 6.23% than previous quarter

Overall: increasing (7.87%). 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 40.31 (%).Trend:Increase 15.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 42.43 (%).Trend:Increase 5.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 45.16 (%).Trend:Increase 6.43% than previous quarter

Overall: increasing (12.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.93 (USD).Trend:Increase 30.22% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.54 (USD).Trend:Decrease 81.57% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 238.89% than previous quarter

Overall: decreasing (-37.54%). Fluctuation: **Significant** (high variation).



The period from Q3 2022 to Q2 2023 displays significant fluctuations.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, implying expansion.  SG&A expense ratio showed a small increase, while retained earnings on assets had a small, steady increase.  However, earnings per share decreased significantly (-37.54%).