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 21.54 (%).Trend:Decrease 40.78% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.35 (%).Trend:Increase 217.32% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.15 (%).Trend:Decrease 51.5% than previous quarter

Overall: increasing (53.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 36.57 (%).Trend:Decrease 38.51% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 109.98 (%).Trend:Increase 200.74% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.71 (%).Trend:Decrease 49.35% than previous quarter

Overall: increasing (52.34%). 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 8.18 (%).Trend:Decrease 18.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 37.91 (%).Trend:Increase 363.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.39 (%).Trend:Decrease 38.3% than previous quarter

Overall: increasing (185.94%). 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 11.89 (%).Trend:Increase 29.24% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 17.98 (%).Trend:Increase 51.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 22.08 (%).Trend:Increase 22.8% than previous quarter

Overall: increasing (85.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.45 (USD).Trend:Increase 104.23% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.07 (USD).Trend:Decrease 26.21% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.64 (USD).Trend:Increase 146.73% than previous quarter

Overall: increasing (82.07%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 displays significant volatility. Liabilities and current assets on revenue show overall increases, but significant fluctuations in each quarter.  Cost efficiency, as measured by the retained earnings to revenue ratio, is increasing overall but shows substantial quarter-to-quarter variation. Investment efficiency is also increasing overall. Earnings per share are increasing overall, but with quarter-to-quarter volatility. The financial performance is characterized by substantial volatility.