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 36.74 (%).Trend:Decrease 47.23% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 117.83 (%).Trend:Increase 220.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.01 (%).Trend:Decrease 53.31% than previous quarter

Overall: increasing (49.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 139.26 (%).Trend:Decrease 40.25% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 341.57 (%).Trend:Increase 145.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 205.66 (%).Trend:Decrease 39.79% than previous quarter

Overall: increasing (47.68%). 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 -41.68 (%).Trend:Decrease 31.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -90.14 (%).Trend:Increase 116.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -40.48 (%).Trend:Decrease 55.09% than previous quarter

Overall: increasing (-2.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.9 (%).Trend:Decrease 6.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.15 (%).Trend:Decrease 16.5% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.68 (%).Trend:Decrease 1.38% than previous quarter

Overall: decreasing (-17.65%). 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 -12.53 (%).Trend:Increase 12.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -12.58 (%).Trend:Increase 0.4% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.52 (%).Trend:Decrease 16.38% than previous quarter

Overall: increasing (-16.04%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.76 (USD).Trend:Increase 24.89% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 102.17% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.36 (USD).Trend:Increase 500.0% than previous quarter

Overall: increasing (-113.04%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023, significant fluctuations are apparent. Liabilities on revenue show an overall increase (49.73%), mirroring the increase in current assets on revenue (47.68%).  The ratio of retained earnings to revenue exhibits a slight overall increase (-2.88%), while SG&A expenses decreased (-17.65%) with low variation. Retained earnings on assets show an overall increase (-16.04%), and earnings per share, despite volatility, increased substantially overall (-113.04%).