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 31.96 (%).Trend:Decrease 31.12% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.41 (%).Trend:Increase 182.88% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.1 (%).Trend:Decrease 60.07% than previous quarter

Overall: increasing (12.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 87.24 (%).Trend:Decrease 32.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 284.75 (%).Trend:Increase 226.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 137.2 (%).Trend:Decrease 51.82% than previous quarter

Overall: increasing (57.27%). 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 64.66 (%).Trend:Decrease 32.89% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 221.71 (%).Trend:Increase 242.89% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 114.89 (%).Trend:Decrease 48.18% than previous quarter

Overall: increasing (77.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.89 (%).Trend:Decrease 4.5% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.02 (%).Trend:Increase 9.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.2 (%).Trend:Increase 1.38% than previous quarter

Overall: increasing (11.02%). 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 44.37 (%).Trend:Increase 3.16% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 46.91 (%).Trend:Increase 5.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 49.53 (%).Trend:Increase 5.59% than previous quarter

Overall: increasing (11.63%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of Q3 2022 to Q2 2023 reveals significant volatility in working capital efficiency, with liabilities on revenue fluctuating considerably, but overall increasing. Current assets on revenue show a similar volatile but positive trend. Cost efficiency demonstrates a substantial, yet volatile rise in the retained earnings-to-revenue ratio. Selling, general, and administrative (SG&A) expenses show a modest overall increase. Investment efficiency shows a modest and stable increase in retained earnings on assets.