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 43.77 (%).Trend:Decrease 37.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 114.81 (%).Trend:Increase 162.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.61 (%).Trend:Decrease 49.82% than previous quarter

Overall: increasing (31.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 116.05 (%).Trend:Decrease 44.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 334.01 (%).Trend:Increase 187.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176.16 (%).Trend:Decrease 47.26% than previous quarter

Overall: increasing (51.8%). 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 -266.85 (%).Trend:Decrease 40.36% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -657.17 (%).Trend:Increase 146.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -397.33 (%).Trend:Decrease 39.54% than previous quarter

Overall: decreasing (48.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.41 (%).Trend:Decrease 12.29% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.43 (%).Trend:Decrease 15.07% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.13 (%).Trend:Increase 16.5% than previous quarter

Overall: decreasing (-1.06%). 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 -86.85 (%).Trend:Increase 0.34% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -81.21 (%).Trend:Decrease 6.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -84.57 (%).Trend:Increase 4.14% than previous quarter

Overall: increasing (-2.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.21 (USD).Trend:Increase 23.53% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 19.05% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.25 (USD).Trend:Increase 47.06% than previous quarter

Overall: decreasing (19.05%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 reveals substantial volatility in various financial metrics. Working capital efficiency demonstrates significant fluctuations in liabilities and current assets on revenue.  Cost efficiency displays a fairly consistent decrease in the SG&A expense ratio, but other cost-related metrics show major fluctuations. Investment efficiency shows a slight overall increase, while earnings per share are volatile with a decreasing overall trend. The data suggests considerable variability in financial performance, which requires careful monitoring and analysis to understand underlying causes and potential risks.