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 30.25 (%).Trend:Decrease 40.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 86.0 (%).Trend:Increase 184.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 41.15 (%).Trend:Decrease 52.15% than previous quarter

Overall: increasing (36.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 48.0 (%).Trend:Decrease 37.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 153.0 (%).Trend:Increase 218.75% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.42 (%).Trend:Decrease 52.01% than previous quarter

Overall: increasing (52.96%). 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 36.3 (%).Trend:Decrease 30.92% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 119.12 (%).Trend:Increase 228.15% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 59.68 (%).Trend:Decrease 49.9% than previous quarter

Overall: increasing (64.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.36 (%).Trend:Increase 0.15% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.59 (%).Trend:Increase 10.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.92 (%).Trend:Decrease 7.39% than previous quarter

Overall: increasing (2.75%). 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 35.28 (%).Trend:Increase 7.04% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.44 (%).Trend:Increase 6.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 39.69 (%).Trend:Increase 6.01% than previous quarter

Overall: increasing (12.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.1 (USD).Trend:Increase 62.3% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 67.74% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-35.48%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 reveal a complex picture.  Working capital efficiency (liabilities and current assets on revenue) demonstrate significant volatility, increasing overall. Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibits large swings but shows a strong positive overall trend. SG&A expense ratio shows a modest upward trend.  Investment efficiency (retained earnings on assets) displays a stable, slight upward trend. Earnings per share, however, show substantial fluctuations, decreasing overall.