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 77.28 (%).Trend:Decrease 21.45% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 187.81 (%).Trend:Increase 143.03% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.07 (%).Trend:Decrease 46.72% than previous quarter

Overall: increasing (29.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 53.29 (%).Trend:Decrease 27.84% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 131.65 (%).Trend:Increase 147.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 65.43 (%).Trend:Decrease 50.3% than previous quarter

Overall: increasing (22.78%). 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 -126.08 (%).Trend:Decrease 29.4% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -386.15 (%).Trend:Increase 206.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -176.04 (%).Trend:Decrease 54.41% than previous quarter

Overall: decreasing (39.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 52.09 (%).Trend:Increase 2.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.25 (%).Trend:Decrease 7.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.91 (%).Trend:Increase 1.37% than previous quarter

Overall: decreasing (-6.1%). 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 -39.3 (%).Trend:Increase 0.2% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -44.92 (%).Trend:Increase 14.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -41.18 (%).Trend:Decrease 8.33% than previous quarter

Overall: decreasing (4.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 16.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 64.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.43 (USD).Trend:Increase 186.67% than previous quarter

Overall: increasing (2.38%). Fluctuation: **Significant** (high variation).



The financial statements from Q3 2022 to Q2 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased dramatically in Q1 2023, then decreased in Q2 2023, while current assets on revenue also saw significant increases and decreases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a substantial downward trend with significant quarter-to-quarter variations.  SG&A expense ratio shows a slight decrease overall, but still demonstrates some variability. Investment efficiency, as measured by retained earnings on assets, also shows a substantial downward trend with significant variation. Earning per share shows significant quarter-to-quarter fluctuation, increasing from Q3 2022 to Q2 2023.