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 98.82 (%).Trend:Decrease 14.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 362.7 (%).Trend:Increase 267.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 158.58 (%).Trend:Decrease 56.28% than previous quarter

Overall: increasing (60.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 102.94 (%).Trend:Decrease 39.58% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 392.55 (%).Trend:Increase 281.34% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 163.23 (%).Trend:Decrease 58.42% than previous quarter

Overall: increasing (58.57%). 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 -807.76 (%).Trend:Decrease 27.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -2722.64 (%).Trend:Increase 237.06% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1267.41 (%).Trend:Decrease 53.45% than previous quarter

Overall: decreasing (56.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 111.0 (%).Trend:Decrease 0.92% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 66.96 (%).Trend:Decrease 39.68% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 60.78 (%).Trend:Decrease 9.23% than previous quarter

Overall: decreasing (-45.24%). Fluctuation: **Significant** (high 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 -576.44 (%).Trend:Increase 13.37% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -494.64 (%).Trend:Decrease 14.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -542.04 (%).Trend:Increase 9.58% than previous quarter

Overall: increasing (-5.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.9 (USD).Trend:Increase 32.35% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 116.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.04 (USD).Trend:Decrease 73.33% than previous quarter

Overall: increasing (-104.44%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023, significant fluctuations are observed in key financial ratios.  Liabilities and current assets on revenue increased substantially (60.47% and 58.57% respectively), although both experienced sharp drops in later quarters. The ratio of retained earnings to revenue decreased (-56.9%), and the SG&A expense ratio showed a significant decline (-45.24%).  Retained earnings on assets increased slightly (-5.97%), while earnings per share indicated significant change and volatility (-104.44%).