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 22.1 (%).Trend:Decrease 27.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 58.06 (%).Trend:Increase 162.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.03 (%).Trend:Decrease 44.83% than previous quarter

Overall: increasing (44.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 37.21 (%).Trend:Decrease 29.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 104.07 (%).Trend:Increase 179.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 58.21 (%).Trend:Decrease 44.07% than previous quarter

Overall: increasing (56.44%). 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 34.16 (%).Trend:Decrease 33.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 58.38 (%).Trend:Increase 70.9% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 32.97 (%).Trend:Decrease 43.53% than previous quarter

Overall: decreasing (-3.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 3.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.69 (%).Trend:Decrease 3.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.44 (%).Trend:Decrease 1.7% than previous quarter

Overall: decreasing (-4.87%). 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 34.3 (%).Trend:Decrease 0.44% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.96 (%).Trend:Decrease 33.06% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 25.32 (%).Trend:Increase 10.28% than previous quarter

Overall: decreasing (-26.18%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 132.35% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.01 (USD).Trend:Increase 27.85% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.72 (USD).Trend:Increase 169.31% than previous quarter

Overall: increasing (244.3%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation.  Liabilities on revenue increased by 44.93%, while current assets on revenue increased by 56.44% between Q3 2022 and Q2 2023. Cost efficiency shows a slight overall decrease in the SG&A expense ratio (-4.87%).  However, the ratio of retained earnings to revenue decreased by 3.48%, with significant volatility. Investment efficiency, measured by retained earnings on assets, decreased by 26.18% with moderate variation. Earnings per share significantly increased by 244.3% across the three quarters.