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 25.62 (%).Trend:Decrease 39.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 83.99 (%).Trend:Increase 227.83% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 40.3 (%).Trend:Decrease 52.02% than previous quarter

Overall: increasing (57.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.4 (%).Trend:Decrease 35.15% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 214.92 (%).Trend:Increase 238.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 101.85 (%).Trend:Decrease 52.61% than previous quarter

Overall: increasing (60.65%). 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 50.18 (%).Trend:Decrease 28.72% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 176.3 (%).Trend:Increase 251.34% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.63 (%).Trend:Decrease 49.73% than previous quarter

Overall: increasing (76.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.31 (%).Trend:Increase 0.96% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.34 (%).Trend:Increase 3.77% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.32 (%).Trend:Decrease 0.07% than previous quarter

Overall: increasing (3.7%). 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 39.32 (%).Trend:Increase 9.16% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 41.79 (%).Trend:Increase 6.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.42 (%).Trend:Increase 6.29% than previous quarter

Overall: increasing (12.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.46 (USD).Trend:Increase 47.57% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.94 (USD).Trend:Decrease 64.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share 4.21 (USD).Trend:Increase 117.01% than previous quarter

Overall: decreasing (-22.89%). Fluctuation: **Significant** (high variation).



Financial results from Q3 2022 to Q2 2023 exhibit substantial volatility.  Liabilities and current assets on revenue both showed overall increases but with large quarterly variations.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, increased considerably but saw substantial quarterly fluctuations. Selling, General, and Administrative (SG&A) expense ratio trended upward but had minimal variation. Investment efficiency (retained earnings on assets) increased gradually but with low variability. Earnings per share fell overall but had noteworthy quarter-to-quarter swings.