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 39.02 (%).Trend:Decrease 31.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 160.63 (%).Trend:Increase 311.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 90.41 (%).Trend:Decrease 43.72% than previous quarter

Overall: increasing (131.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 87.8 (%).Trend:Decrease 33.97% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 306.83 (%).Trend:Increase 249.46% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 155.28 (%).Trend:Decrease 49.39% than previous quarter

Overall: increasing (76.86%). 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 75.16 (%).Trend:Decrease 35.24% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 221.9 (%).Trend:Increase 195.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 96.14 (%).Trend:Decrease 56.67% than previous quarter

Overall: increasing (27.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.35 (%).Trend:Decrease 5.05% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.3 (%).Trend:Decrease 0.37% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.97 (%).Trend:Decrease 2.48% than previous quarter

Overall: decreasing (-2.85%). 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 61.53 (%).Trend:Decrease 0.57% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 54.8 (%).Trend:Decrease 10.94% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.85 (%).Trend:Decrease 10.86% than previous quarter

Overall: decreasing (-20.61%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Decrease 223.53% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.1 (USD).Trend:Decrease 76.19% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.81 (USD).Trend:Increase 710.0% than previous quarter

Overall: increasing (92.86%). Fluctuation: **Significant** (high variation).



Working capital efficiency exhibits significant fluctuation. Liabilities on revenue increased drastically in Q1 2023 before decreasing in Q2 2023. Current assets on revenue show a similar pattern of sharp increase and subsequent decrease. Cost efficiency shows a slight decrease in SG&A expense ratio. The retained earnings-to-revenue ratio increased significantly but then fluctuated substantially. Investment efficiency displays a consistent decrease in retained earnings on assets. Earnings per share increased substantially in Q2 2023, after significant declines in previous quarters.