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 24.79 (%).Trend:Decrease 21.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.99 (%).Trend:Increase 267.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.71 (%).Trend:Decrease 49.76% than previous quarter

Overall: increasing (84.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 62.14 (%).Trend:Decrease 29.88% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 204.46 (%).Trend:Increase 229.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 103.27 (%).Trend:Decrease 49.49% than previous quarter

Overall: increasing (66.19%). 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 116.37 (%).Trend:Decrease 31.26% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 367.87 (%).Trend:Increase 216.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 182.15 (%).Trend:Decrease 50.49% than previous quarter

Overall: increasing (56.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.51 (%).Trend:Decrease 0.58% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.01 (%).Trend:Increase 16.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.45 (%).Trend:Decrease 4.87% than previous quarter

Overall: increasing (10.69%). 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 105.32 (%).Trend:Decrease 0.57% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 104.06 (%).Trend:Decrease 1.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 103.18 (%).Trend:Decrease 0.85% than previous quarter

Overall: decreasing (-2.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.83 (USD).Trend:Increase 38.77% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 73.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-47.78%). Fluctuation: **Significant** (high variation).



Analysis from Q3 2022 to Q2 2023 shows considerable fluctuations in working capital metrics. Liabilities on revenue increased significantly with substantial variation. Current assets on revenue also showed a substantial increase but with high variation. Cost efficiency demonstrates large fluctuations in the ratio of retained earnings to revenue. SG&A expenses remained relatively stable while increasing. Investment efficiency displayed a minimal decrease. Earnings per share experienced a significant decrease overall with notable volatility.