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 41.74 (%).Trend:Decrease 33.09% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.44 (%).Trend:Increase 210.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 64.32 (%).Trend:Decrease 50.31% than previous quarter

Overall: increasing (54.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 185.96 (%).Trend:Decrease 36.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 483.18 (%).Trend:Increase 159.83% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 235.17 (%).Trend:Decrease 51.33% than previous quarter

Overall: increasing (26.46%). 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 -44.53 (%).Trend:Decrease 15.6% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -242.52 (%).Trend:Increase 444.62% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -112.83 (%).Trend:Decrease 53.48% than previous quarter

Overall: decreasing (153.38%). 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 -11.73 (%).Trend:Increase 31.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -24.31 (%).Trend:Increase 107.25% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -24.09 (%).Trend:Decrease 0.9% than previous quarter

Overall: decreasing (105.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.79 (USD).Trend:Increase 62.73% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 53.63% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.95 (USD).Trend:Increase 14.46% than previous quarter

Overall: increasing (-46.93%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, substantial fluctuations are observed. Liabilities on revenue showed an overall increase (54.1%), and current assets on revenue also increased (26.46%).  Conversely, the ratio of retained earnings to revenue declined significantly (-153.38%), and retained earnings on assets decreased by 105.37%.  Earnings per share increased slightly (-46.93%).  The high variability requires a detailed analysis.