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 24.49 (%).Trend:Decrease 36.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 98.01 (%).Trend:Increase 300.2% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.35 (%).Trend:Decrease 50.67% than previous quarter

Overall: increasing (97.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 34.39 (%).Trend:Decrease 34.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 105.6 (%).Trend:Increase 207.07% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 53.44 (%).Trend:Decrease 49.39% than previous quarter

Overall: increasing (55.39%). 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 -31.28 (%).Trend:Decrease 17.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Increase 200.06% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -43.46 (%).Trend:Decrease 53.7% than previous quarter

Overall: decreasing (38.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.13 (%).Trend:Increase 0.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 11.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.49 (%).Trend:Decrease 4.0% than previous quarter

Overall: increasing (6.91%). 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 -46.19 (%).Trend:Increase 25.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -43.73 (%).Trend:Decrease 5.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -40.25 (%).Trend:Decrease 7.96% than previous quarter

Overall: increasing (-12.86%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q3 2022 to Q2 2023 show significant volatility.  Liabilities on revenue experienced a large increase in Q1 2023 before decreasing in the subsequent quarter. Current assets on revenue also showed a substantial rise in Q1 2023 followed by a decline in subsequent quarters. The ratio of retained earnings to revenue decreased substantially overall, and significant fluctuations indicate possible operational or market-related causes. The SG&A expense ratio demonstrates a minor overall increase, with moderate fluctuation.  Investment efficiency shows a slight decrease in retained earnings on assets, but significant fluctuations warrant further review.