Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 80.49 (%).Trend:Decrease 47.58% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 298.14 (%).Trend:Increase 270.41% than previous quarter
Year 2023 Quarter 3: Liabilities on Revenue 77.1 (%).Trend:Decrease 74.14% than previous quarter

Overall: decreasing (-4.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 143.9 (%).Trend:Decrease 43.32% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 275.4 (%).Trend:Increase 91.38% than previous quarter
Year 2023 Quarter 3: Current assets on Revenue 66.78 (%).Trend:Decrease 75.75% than previous quarter

Overall: decreasing (-53.59%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 84.59 (%).Trend:Decrease 30.47% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 198.2 (%).Trend:Increase 134.31% than previous quarter
Year 2023 Quarter 3: Ratio of Retained Earnings to Revenue 45.46 (%).Trend:Decrease 77.06% than previous quarter

Overall: decreasing (-46.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2022 to Quater 3 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 34.26 (%).Trend:Increase 11.52% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.31 (%).Trend:Decrease 64.07% than previous quarter
Year 2023 Quarter 3: Retained Earning on Assets 10.51 (%).Trend:Decrease 14.62% than previous quarter

Overall: decreasing (-69.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.66 (USD).Trend:Increase 90.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.76 (USD).Trend:Decrease 128.57% than previous quarter
Year 2023 Quarter 3: Earning Per Share -3.27 (USD).Trend:Increase 330.26% than previous quarter

Overall: decreasing (-222.93%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant volatility in key financial ratios between Q2 2022 and Q3 2023. Working capital efficiency metrics show fluctuating liabilities and current assets on revenue, indicating potential instability.  Cost efficiency, gauged by the ratio of retained earnings to revenue, also displays substantial swings, raising concerns about profitability trends.  Investment efficiency, as measured by retained earnings on assets, is declining sharply, suggesting a potential decrease in asset utilization.  Earnings per share show a dramatic drop, indicating a negative impact on shareholder value.