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 109.68 (%).Trend:Decrease 28.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 207.0 (%).Trend:Increase 88.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 107.17 (%).Trend:Decrease 48.23% than previous quarter

Overall: decreasing (-2.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 774.22 (%).Trend:Decrease 52.69% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1227.52 (%).Trend:Increase 58.55% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 459.73 (%).Trend:Decrease 62.55% than previous quarter

Overall: decreasing (-40.62%). 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 -6648.69 (%).Trend:Decrease 47.67% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -14547.02 (%).Trend:Increase 118.8% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -6167.45 (%).Trend:Decrease 57.6% than previous quarter

Overall: increasing (-7.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 428.36 (%).Trend:Decrease 20.13% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 351.42 (%).Trend:Decrease 17.96% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 289.12 (%).Trend:Decrease 17.73% than previous quarter

Overall: decreasing (-32.51%). Fluctuation: **Neutral** (moderate 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 -848.92 (%).Trend:Increase 9.35% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -1174.29 (%).Trend:Increase 38.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -1333.65 (%).Trend:Increase 13.57% than previous quarter

Overall: decreasing (57.1%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 show mixed results. Liabilities on revenue decreased slightly (-2.29%), though with significant quarterly fluctuation. Current assets on revenue also decreased significantly (-40.62%), with large quarterly changes. Cost efficiency, measured by the SG&A ratio, shows a modest decline (-32.51%) with moderate variation. The retained earnings to revenue ratio shows a negative, small increase (-7.24%) but with considerable variation. Investment efficiency displays a notable decrease (-57.1%) with considerable volatility.