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 44.93 (%).Trend:Decrease 32.87% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 145.93 (%).Trend:Increase 224.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 73.93 (%).Trend:Decrease 49.34% than previous quarter

Overall: increasing (64.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 71.66 (%).Trend:Decrease 37.01% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 244.48 (%).Trend:Increase 241.17% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 118.24 (%).Trend:Decrease 51.64% than previous quarter

Overall: increasing (65.0%). 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 -12.06 (%).Trend:Increase 417.6% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -29.89 (%).Trend:Increase 147.84% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -23.1 (%).Trend:Decrease 22.72% than previous quarter

Overall: decreasing (91.54%). 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 -9.53 (%).Trend:Increase 694.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -7.59 (%).Trend:Decrease 20.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -12.08 (%).Trend:Increase 59.16% than previous quarter

Overall: decreasing (26.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -4.65 (USD).Trend:Increase 32.48% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 94.62% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.82 (USD).Trend:Increase 228.0% than previous quarter

Overall: increasing (-82.37%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows high volatility. Working capital efficiency, measured by liabilities and current assets on revenue, displays dramatic increases and decreases. Cost efficiency (ratio of retained earnings to revenue) shows a consistent negative trend with large fluctuations. Investment efficiency is also characterized by a downward trend in retained earnings on assets. Earnings per share exhibit notable volatility and declines.