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 27.97 (%).Trend:Decrease 44.49% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.72 (%).Trend:Increase 145.69% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.15 (%).Trend:Decrease 29.93% than previous quarter

Overall: increasing (72.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.54 (%).Trend:Decrease 39.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 141.84 (%).Trend:Increase 150.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.06 (%).Trend:Decrease 47.08% than previous quarter

Overall: increasing (32.76%). 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 38.68 (%).Trend:Decrease 34.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 101.99 (%).Trend:Increase 163.68% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 53.9 (%).Trend:Decrease 47.15% than previous quarter

Overall: increasing (39.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.59 (%).Trend:Decrease 12.79% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.18 (%).Trend:Decrease 25.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.4 (%).Trend:Increase 5.26% than previous quarter

Overall: decreasing (-21.29%). Fluctuation: **Neutral** (moderate 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 20.15 (%).Trend:Increase 8.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.61 (%).Trend:Increase 2.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.92 (%).Trend:Decrease 3.35% than previous quarter

Overall: decreasing (-1.14%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q3 2022 to Q2 2023 highlights fluctuating working capital efficiency. Liabilities on revenue increased, though showing quarter-over-quarter variation. Current assets on revenue also demonstrate increasing trends with substantial shifts across the period. Cost efficiency, as measured by retained earnings to revenue, displays a significant increase overall, yet with sizable quarterly variation. SG&A expense ratio shows a decrease, demonstrating relatively moderate fluctuation.  Investment efficiency shows little overall change but moderate fluctuation.