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 49.81 (%).Trend:Decrease 32.91% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 115.52 (%).Trend:Increase 131.92% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.36 (%).Trend:Decrease 52.94% than previous quarter

Overall: increasing (9.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.22 (%).Trend:Decrease 29.26% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 101.32 (%).Trend:Increase 187.68% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 46.95 (%).Trend:Decrease 53.66% than previous quarter

Overall: increasing (33.3%). 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 17.92 (%).Trend:Decrease 33.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 47.82 (%).Trend:Increase 166.85% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 22.63 (%).Trend:Decrease 52.68% than previous quarter

Overall: increasing (26.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.38 (%).Trend:Decrease 1.91% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Increase 12.11% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.72 (%).Trend:Increase 4.8% than previous quarter

Overall: increasing (17.49%). 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 15.04 (%).Trend:Decrease 1.89% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 13.52 (%).Trend:Decrease 10.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.94 (%).Trend:Decrease 4.29% than previous quarter

Overall: decreasing (-13.96%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial statements show significant fluctuation across working capital efficiency, cost efficiency, and investment efficiency.  Liabilities and current assets on revenue both increased substantially in Q1 2023 and then decreased in the subsequent quarters.  The ratio of retained earnings to revenue displayed a considerable increase in Q1 2023, but then declined in the following periods.  SG&A expense ratio demonstrates a stable increase over the three-quarter period. Investment efficiency, measured by retained earnings on assets, shows a slight decrease overall.