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 237.41 (%).Trend:Increase 7.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 574.89 (%).Trend:Increase 142.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 277.62 (%).Trend:Decrease 51.71% than previous quarter

Overall: increasing (16.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 303.64 (%).Trend:Decrease 2.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 862.48 (%).Trend:Increase 184.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 396.91 (%).Trend:Decrease 53.98% than previous quarter

Overall: increasing (30.72%). 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 -151.37 (%).Trend:Decrease 17.84% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -338.86 (%).Trend:Increase 123.86% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -129.46 (%).Trend:Decrease 61.8% than previous quarter

Overall: increasing (-14.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.56 (%).Trend:Increase 23.81% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.4 (%).Trend:Increase 5.77% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Decrease 28.9% than previous quarter

Overall: decreasing (-24.79%). 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 -41.04 (%).Trend:Decrease 12.36% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -32.9 (%).Trend:Decrease 19.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -28.08 (%).Trend:Decrease 14.65% than previous quarter

Overall: increasing (-31.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.12 (USD).Trend:Decrease 16.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 76.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 171.43% than previous quarter

Overall: decreasing (-37.26%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 shows substantial variability across key performance indicators (KPIs). Working capital efficiency displays notable increases in both liabilities and current assets, but with significant swings in quarterly performance. Cost efficiency, indicated by the ratio of retained earnings to revenue, shows an overall increasing trend, yet exhibits large quarterly fluctuations. SG&A expense ratio reveals a decreasing trend with moderate fluctuations. Investment efficiency, measured by retained earnings on assets, shows a consistent increasing trend, though with substantial quarter-to-quarter changes. Earnings per share demonstrates a decreasing trend with significant fluctuations.