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 26.14 (%).Trend:Decrease 39.78% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 75.63 (%).Trend:Increase 189.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.87 (%).Trend:Decrease 39.35% than previous quarter

Overall: increasing (75.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.18 (%).Trend:Decrease 39.37% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 156.81 (%).Trend:Increase 212.5% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 77.72 (%).Trend:Decrease 50.44% than previous quarter

Overall: increasing (54.88%). 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 11.01 (%).Trend:Decrease 20.85% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 41.82 (%).Trend:Increase 279.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 19.36 (%).Trend:Decrease 53.71% than previous quarter

Overall: increasing (75.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.83 (%).Trend:Decrease 3.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.53 (%).Trend:Increase 23.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.45 (%).Trend:Decrease 15.77% than previous quarter

Overall: increasing (3.92%). 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 11.51 (%).Trend:Increase 28.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.27 (%).Trend:Increase 6.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.62 (%).Trend:Increase 2.85% than previous quarter

Overall: increasing (9.64%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 reveals a complex picture of varying trends in working capital and cost efficiency.  Liabilities and current assets on revenue are increasing overall but experiencing significant fluctuations, indicating instability.  The ratio of retained earnings to revenue also displays significant ups and downs. The SG&A expense ratio shows a neutral pattern of fluctuation, increasing slightly overall.  Investment efficiency, measured by retained earnings on assets, is increasing with a low variation, suggesting stability in this area. More context is needed to understand the underlying reasons behind these patterns.