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 22.33 (%).Trend:Decrease 36.02% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 81.21 (%).Trend:Increase 263.68% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.73 (%).Trend:Decrease 52.31% than previous quarter

Overall: increasing (73.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.01 (%).Trend:Decrease 34.85% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 123.66 (%).Trend:Increase 217.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 60.5 (%).Trend:Decrease 51.08% than previous quarter

Overall: increasing (55.09%). 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 -10.53 (%).Trend:Decrease 40.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -26.07 (%).Trend:Increase 147.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -11.96 (%).Trend:Decrease 54.12% than previous quarter

Overall: decreasing (13.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.14 (%).Trend:Increase 1.23% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.14 (%).Trend:Increase 9.03% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.62 (%).Trend:Increase 1.99% than previous quarter

Overall: increasing (11.2%). 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 -13.15 (%).Trend:Decrease 10.05% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -10.11 (%).Trend:Decrease 23.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -9.35 (%).Trend:Decrease 7.52% than previous quarter

Overall: increasing (-28.9%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 demonstrates significant fluctuations.  Liabilities and current assets on revenue exhibit large swings, increasing initially, and then decreasing in the following quarters.  Cost efficiency, calculated by the ratio of retained earnings to revenue, is consistently decreasing.  Selling, General & Administrative (SG&A) expenses are steadily increasing with minimal variation.  Investment efficiency, measured by retained earnings on assets, is also increasing but with notable variation.