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 31.01 (%).Trend:Decrease 15.48% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.06 (%).Trend:Increase 148.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 29.77 (%).Trend:Decrease 61.37% than previous quarter

Overall: decreasing (-4.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.15 (%).Trend:Decrease 33.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 91.64 (%).Trend:Increase 160.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.83 (%).Trend:Decrease 48.9% than previous quarter

Overall: increasing (33.23%). 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 -398.44 (%).Trend:Decrease 33.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1094.92 (%).Trend:Increase 174.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -526.91 (%).Trend:Decrease 51.88% than previous quarter

Overall: decreasing (32.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.72 (%).Trend:Increase 2.16% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.5 (%).Trend:Decrease 16.18% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.54 (%).Trend:Increase 0.35% than previous quarter

Overall: decreasing (-15.89%). 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 -95.83 (%).Trend:Increase 0.13% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -96.05 (%).Trend:Increase 0.23% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -93.86 (%).Trend:Decrease 2.28% than previous quarter

Overall: increasing (-2.06%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency is declining in Q3 2022 – Q2 2023. Liabilities on revenue fell in Q3 2022, spiked in Q1 2023, and fell again in Q2 2023. Current assets on revenue followed a similar pattern. Cost efficiency shows a decrease in the SG&A expense ratio. The ratio of retained earnings to revenue decreased significantly across the period. Investment efficiency shows a fluctuating but generally increasing retained earnings on assets. The data reveals significant volatility in almost all key performance indicators, suggesting potential financial instability.