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).



Analyzing Q3 2022 to Q2 2023 data shows significant increases in liabilities on revenue (42.41%), current assets on revenue (77.7%), and ratio of retained earnings to revenue (79.46%), all indicating growth.  While SG&A expense ratio showed a minor increase (7.87%) and retained earnings on assets had a small increase (12.03%), earnings per share significantly decreased (-37.54%).