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 48.2 (%).Trend:Decrease 24.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 180.92 (%).Trend:Increase 275.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 103.92 (%).Trend:Decrease 42.56% than previous quarter

Overall: increasing (115.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 113.1 (%).Trend:Decrease 40.33% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 330.42 (%).Trend:Increase 192.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 191.01 (%).Trend:Decrease 42.19% than previous quarter

Overall: increasing (68.89%). 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 -32.45 (%).Trend:Decrease 5.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -74.4 (%).Trend:Increase 129.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -47.47 (%).Trend:Decrease 36.2% than previous quarter

Overall: decreasing (46.29%). 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 -11.88 (%).Trend:Increase 33.48% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -10.07 (%).Trend:Decrease 15.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.61 (%).Trend:Increase 15.29% than previous quarter

Overall: increasing (-2.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.7 (USD).Trend:Increase 150.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 97.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.3 (USD).Trend:Increase 1400.0% than previous quarter

Overall: increasing (-57.14%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows erratic movements. Liabilities and current assets on revenue both exhibit substantial fluctuations, moving in different directions throughout the period. The ratio of retained earnings to revenue continues its downward trend with significant volatility. Investment efficiency also shows a downward trend in retained earnings on assets with fluctuations. Earnings per share, like other metrics, show a consistently negative trend and significant variability. The data highlights a period of significant financial instability needing careful review of operational performance.