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 29.88 (%).Trend:Decrease 35.52% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.24 (%).Trend:Increase 332.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.58 (%).Trend:Decrease 51.58% than previous quarter

Overall: increasing (109.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 70.12 (%).Trend:Decrease 33.17% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 285.88 (%).Trend:Increase 307.7% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 138.75 (%).Trend:Decrease 51.47% than previous quarter

Overall: increasing (97.88%). 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 39.79 (%).Trend:Decrease 25.05% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 152.97 (%).Trend:Increase 284.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 52.86 (%).Trend:Decrease 65.44% than previous quarter

Overall: increasing (32.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.84 (%).Trend:Decrease 0.88% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.03 (%).Trend:Increase 27.93% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.59 (%).Trend:Decrease 4.39% than previous quarter

Overall: increasing (22.32%). 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 18.12 (%).Trend:Increase 11.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 17.03 (%).Trend:Decrease 6.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.11 (%).Trend:Decrease 23.02% than previous quarter

Overall: decreasing (-27.65%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.3 (USD).Trend:Increase 30.95% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 95.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.58 (USD).Trend:Decrease 1153.33% than previous quarter

Overall: decreasing (-147.88%). Fluctuation: **Significant** (high variation).



Working capital efficiency, measured by liabilities and current assets on revenue, is showing significant fluctuation, increasing overall in 2023.  Cost efficiency, in terms of the ratio of retained earnings to revenue, is increasing with high variation. SG&A expense ratio is also increasing overall, but with moderate variation.  Investment efficiency, measured by retained earnings on assets, is decreasing with moderate fluctuation. Earnings per share are decreasing significantly, with substantial variation.  The financial performance shows large and rapid changes across these metrics.