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 130.52 (%).Trend:Decrease 13.78% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 188.23 (%).Trend:Increase 44.22% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 108.0 (%).Trend:Decrease 42.62% than previous quarter

Overall: decreasing (-17.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 201.25 (%).Trend:Increase 3.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 272.2 (%).Trend:Increase 35.25% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 150.62 (%).Trend:Decrease 44.67% than previous quarter

Overall: decreasing (-25.16%). 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 -286.91 (%).Trend:Decrease 35.82% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -520.85 (%).Trend:Increase 81.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -308.96 (%).Trend:Decrease 40.68% than previous quarter

Overall: decreasing (7.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.93 (%).Trend:Increase 18.28% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.9 (%).Trend:Decrease 27.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.39 (%).Trend:Increase 8.75% than previous quarter

Overall: decreasing (-21.01%). Fluctuation: **Neutral** (moderate 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 -53.29 (%).Trend:Decrease 21.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -57.88 (%).Trend:Increase 8.61% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -60.13 (%).Trend:Increase 3.89% than previous quarter

Overall: decreasing (12.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.4 (USD).Trend:Decrease 900.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 110.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.33 (USD).Trend:Increase 725.0% than previous quarter

Overall: decreasing (-182.5%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, significant fluctuations were observed across key financial metrics. Liabilities on revenue decreased overall (-17.25%), while current assets on revenue also decreased (-25.16%).  The ratio of retained earnings to revenue showed a slight overall decrease (7.69%), and the SG&A expense ratio decreased (-21.01%). Investment efficiency metrics, including retained earnings on assets (-12.84%) and earnings per share (-182.5%), indicated significant decreases with high variations.