Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 288.83 (%).Trend:Decrease 49.57% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 194.31 (%).Trend:Decrease 32.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 263.32 (%).Trend:Increase 35.52% than previous quarter

Overall: decreasing (-8.83%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 189.86 (%).Trend:Decrease 51.06% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 144.21 (%).Trend:Decrease 24.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 167.96 (%).Trend:Increase 16.47% than previous quarter

Overall: decreasing (-11.53%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -62.29 (%).Trend:Decrease 48.33% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -42.28 (%).Trend:Decrease 32.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -48.56 (%).Trend:Increase 14.85% than previous quarter

Overall: increasing (-22.04%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets -15.36 (%).Trend:Increase 6.52% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -15.05 (%).Trend:Decrease 2.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.87 (%).Trend:Decrease 21.13% than previous quarter

Overall: increasing (-22.72%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2022 to Q2 2023 shows a decreasing trend in working capital efficiency, with liabilities on revenue decreasing overall by 8.83% and current assets on revenue decreasing by 11.53%.  Cost efficiency exhibits significant fluctuation, with a ratio of retained earnings to revenue showing an overall increasing trend, though with significant variation.  Investment efficiency also shows a significant increasing trend with Retained Earnings on Assets.  Further investigation into potential outliers and zero values is recommended.