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 31.26 (%).Trend:Decrease 37.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 88.2 (%).Trend:Increase 182.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.95 (%).Trend:Decrease 50.17% than previous quarter

Overall: increasing (40.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 40.51 (%).Trend:Decrease 33.87% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 113.52 (%).Trend:Increase 180.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.98 (%).Trend:Decrease 49.81% than previous quarter

Overall: increasing (40.66%). 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 25.63 (%).Trend:Decrease 38.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 68.04 (%).Trend:Increase 165.47% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 34.38 (%).Trend:Decrease 49.47% than previous quarter

Overall: increasing (34.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.52 (%).Trend:Decrease 2.27% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.52 (%).Trend:Decrease 9.29% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.74 (%).Trend:Increase 1.13% than previous quarter

Overall: decreasing (-8.27%). 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 28.04 (%).Trend:Decrease 2.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 27.06 (%).Trend:Decrease 3.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.54 (%).Trend:Increase 1.77% than previous quarter

Overall: decreasing (-1.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.17 (USD).Trend:Decrease 138.64% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.44 (USD).Trend:Decrease 358.82% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.78 (USD).Trend:Increase 77.27% than previous quarter

Overall: increasing (-558.82%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 - Q2 2023 reveals substantial volatility in working capital metrics.  While liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show an overall increase, significant quarter-to-quarter fluctuations exist.  This suggests instability requiring attention.  SG&A expenses displayed minimal change, while retained earnings on assets decreased slightly.  Earnings per share increased significantly overall.