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 48.35 (%).Trend:Decrease 31.27% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 175.65 (%).Trend:Increase 263.29% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 74.63 (%).Trend:Decrease 57.51% than previous quarter

Overall: increasing (54.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 121.46 (%).Trend:Decrease 34.1% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 441.9 (%).Trend:Increase 263.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 207.06 (%).Trend:Decrease 53.14% than previous quarter

Overall: increasing (70.48%). 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 -46.63 (%).Trend:Decrease 36.85% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -184.95 (%).Trend:Increase 296.63% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -97.42 (%).Trend:Decrease 47.33% than previous quarter

Overall: decreasing (108.92%). 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 -31.7 (%).Trend:Decrease 3.44% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -33.86 (%).Trend:Increase 6.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -37.25 (%).Trend:Increase 10.01% than previous quarter

Overall: decreasing (17.51%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.17 (USD).Trend:Decrease 3.98% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.33 (USD).Trend:Decrease 84.79% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.63 (USD).Trend:Increase 90.91% than previous quarter

Overall: increasing (-70.97%). Fluctuation: **Significant** (high variation).



The period from Q3 2022 to Q2 2023 shows significant fluctuation. Liabilities and current assets on revenue increased overall, but with substantial quarterly drops.  The ratio of retained earnings to revenue decreased significantly. Retained earnings on assets also decreased, while earnings per share, although negative, showed less significant change compared to other metrics.