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 23.94 (%).Trend:Decrease 29.42% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.69 (%).Trend:Increase 203.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 52.35% than previous quarter

Overall: increasing (44.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.44 (%).Trend:Decrease 31.56% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 117.75 (%).Trend:Increase 164.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.09 (%).Trend:Decrease 52.37% than previous quarter

Overall: increasing (26.22%). 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 -5.8 (%).Trend:Decrease 39.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -24.19 (%).Trend:Increase 317.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.38 (%).Trend:Decrease 36.42% than previous quarter

Overall: decreasing (165.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -5.83 (%).Trend:Decrease 9.33% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -8.56 (%).Trend:Increase 46.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.9 (%).Trend:Increase 27.34% than previous quarter

Overall: decreasing (86.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.01 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.23 (USD).Trend:Increase 187.5% than previous quarter

Overall: decreasing (2200.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation, with liabilities on revenue decreasing by 29.42% in Q3 2022, then increasing by 203.63% in Q1 2023, and decreasing again by 52.35% in Q2 2023. Current assets on revenue also exhibit large swings, decreasing in Q3 2022 and Q2 2023, then increasing dramatically in Q1 2023.  Cost efficiency is characterized by a significant decrease in the ratio of retained earnings to revenue. Invest efficiency shows a consistent decline in retained earnings on assets, with fluctuating trends across the period. Earning per share is negative and also exhibits substantial fluctuation. Overall, the financial performance displays substantial volatility across the analyzed quarters.