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 17.11 (%).Trend:Decrease 33.16% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 63.92 (%).Trend:Increase 273.58% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.57 (%).Trend:Decrease 52.17% than previous quarter

Overall: increasing (78.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 22.58 (%).Trend:Decrease 40.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 70.14 (%).Trend:Increase 210.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 33.78 (%).Trend:Decrease 51.84% than previous quarter

Overall: increasing (49.6%). 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 28.36 (%).Trend:Decrease 28.65% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 122.12 (%).Trend:Increase 330.61% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 62.61 (%).Trend:Decrease 48.73% than previous quarter

Overall: increasing (120.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 81.93 (%).Trend:Increase 12.91% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 100.65 (%).Trend:Increase 22.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 104.63 (%).Trend:Increase 3.95% than previous quarter

Overall: increasing (27.71%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 show substantial volatility in working capital efficiency, cost efficiency, and earnings. Liabilities and current assets on revenue increased significantly in Q1 2023, then decreased again in Q2, but with significant fluctuation.  The ratio of retained earnings to revenue displays a significant increase in Q1 2023.  Investment efficiency (retained earnings on assets) demonstrates a moderate increase across the period. This data indicates significant short-term financial changes.