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 41.08 (%).Trend:Increase 35.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 110.33 (%).Trend:Increase 168.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.47 (%).Trend:Decrease 57.88% than previous quarter

Overall: increasing (13.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 113.41 (%).Trend:Decrease 27.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 346.1 (%).Trend:Increase 205.18% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 151.81 (%).Trend:Decrease 56.14% than previous quarter

Overall: increasing (33.86%). 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 90.74 (%).Trend:Decrease 38.95% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 278.97 (%).Trend:Increase 207.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.98 (%).Trend:Decrease 91.4% than previous quarter

Overall: decreasing (-73.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.96 (%).Trend:Increase 1.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.91 (%).Trend:Increase 69.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.37 (%).Trend:Decrease 11.59% than previous quarter

Overall: increasing (49.46%). 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 19.64 (%).Trend:Decrease 58.36% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.49 (%).Trend:Decrease 0.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.67 (%).Trend:Decrease 76.04% than previous quarter

Overall: decreasing (-76.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.85 (USD).Trend:Decrease 1.02% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.64 (USD).Trend:Decrease 113.2% than previous quarter
Year 2023 Quarter 2: Earning Per Share -27.14 (USD).Trend:Increase 4140.62% than previous quarter

Overall: decreasing (-659.59%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 present a picture of considerable volatility in key financial indicators.  Working capital efficiency, indicated by liabilities and current assets on revenue, increased substantially in the early period of the quarter and declined substantially in the latter period of the quarter.  Cost efficiency, specifically the ratio of retained earnings to revenue, fell sharply and significantly in Q2 2023 after a major increase in Q1 2023.  Selling, general, and administrative (SG&A) expenses show a fluctuating pattern, with increases and decreases in each quarter. Investment efficiency and earnings per share (EPS) show a substantial decrease in Q2 2023, after a period of fluctuation.