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 18.94 (%).Trend:Decrease 41.88% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.7 (%).Trend:Increase 172.97% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.94 (%).Trend:Decrease 47.89% than previous quarter

Overall: increasing (42.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 26.58 (%).Trend:Decrease 34.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 86.13 (%).Trend:Increase 224.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.76 (%).Trend:Decrease 45.71% than previous quarter

Overall: increasing (75.92%). 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 22.24 (%).Trend:Decrease 26.91% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 78.3 (%).Trend:Increase 252.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 40.73 (%).Trend:Decrease 47.98% than previous quarter

Overall: increasing (83.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.17 (%).Trend:Increase 0.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.6 (%).Trend:Increase 1.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.86 (%).Trend:Decrease 2.78% than previous quarter

Overall: decreasing (-1.18%). 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 28.61 (%).Trend:Increase 12.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.39 (%).Trend:Increase 13.21% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.75 (%).Trend:Increase 4.2% than previous quarter

Overall: increasing (17.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 66.54 (USD).Trend:Increase 61.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 25.2 (USD).Trend:Decrease 62.13% than previous quarter
Year 2023 Quarter 2: Earning Per Share 51.3 (USD).Trend:Increase 103.57% than previous quarter

Overall: decreasing (-22.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 displays fluctuating working capital efficiency, with both liabilities and current assets on revenue increasing overall. Cost efficiency shows substantial variation, with a marked increase in the ratio of retained earnings to revenue. SG&A expense ratios trend slightly downward. Investment efficiency shows little variation in retained earnings on assets with a significant fluctuation in earnings per share, decreasing then rebounding.