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 35.52 (%).Trend:Decrease 53.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 150.4 (%).Trend:Increase 323.42% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 64.09 (%).Trend:Decrease 57.39% than previous quarter

Overall: increasing (80.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 88.56 (%).Trend:Decrease 50.32% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 371.92 (%).Trend:Increase 319.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 146.06 (%).Trend:Decrease 60.73% than previous quarter

Overall: increasing (64.93%). 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 -84.57 (%).Trend:Decrease 3.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -661.57 (%).Trend:Increase 682.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -313.23 (%).Trend:Decrease 52.65% than previous quarter

Overall: decreasing (270.38%). 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 -55.62 (%).Trend:Increase 79.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -113.53 (%).Trend:Increase 104.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -133.71 (%).Trend:Increase 17.78% than previous quarter

Overall: decreasing (140.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -4.96 (USD).Trend:Increase 87.88% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.2 (USD).Trend:Decrease 75.81% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.18 (USD).Trend:Increase 81.67% than previous quarter

Overall: increasing (-56.05%). Fluctuation: **Significant** (high variation).



The review of Q3 2022 to Q2 2023 financial data reveals substantial volatility in key areas.  While liabilities on revenue and current assets on revenue increased overall,  the ratio of retained earnings to revenue and retained earnings on assets decreased.  Earning per share saw an overall increase.  The significant fluctuations across all metrics warrant further investigation.