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 40.0 (%).Trend:Decrease 26.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 128.67 (%).Trend:Increase 221.67% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.21 (%).Trend:Decrease 55.54% than previous quarter

Overall: increasing (43.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 59.66 (%).Trend:Decrease 40.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 145.81 (%).Trend:Increase 144.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 55.17 (%).Trend:Decrease 62.16% than previous quarter

Overall: decreasing (-7.53%). 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 297.11 (%).Trend:Decrease 34.22% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 812.74 (%).Trend:Increase 173.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 408.6 (%).Trend:Decrease 49.73% than previous quarter

Overall: increasing (37.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.04 (%).Trend:Decrease 2.61% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.12 (%).Trend:Increase 5.94% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.57 (%).Trend:Decrease 1.48% than previous quarter

Overall: increasing (4.37%). 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 63.57 (%).Trend:Decrease 3.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 57.88 (%).Trend:Decrease 8.95% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 56.88 (%).Trend:Decrease 1.73% than previous quarter

Overall: decreasing (-10.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.13 (USD).Trend:Increase 62.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 130.77% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.08 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-161.54%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 demonstrates significant fluctuation in some key metrics. Working capital efficiency shows instability, with liabilities on revenue increasing significantly, followed by decreases, and current assets exhibiting similar variability. Cost efficiency also displays substantial variation, particularly in the ratio of retained earnings to revenue, while SG&A expenses show minimal fluctuations, indicating some operational stability. Investment efficiency shows consistent but small declines in retained earnings on assets. Earnings per share experienced increases and decreases, suggesting a potentially unstable and volatile financial situation. Overall, the financial picture reveals both strengths, such as stable SG&A, and notable weaknesses, including the significant fluctuations in working capital and earnings, requiring further analysis for informed decision-making.