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 29.25 (%).Trend:Decrease 38.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.05 (%).Trend:Increase 207.86% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.92 (%).Trend:Decrease 51.23% than previous quarter

Overall: increasing (50.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.35 (%).Trend:Decrease 34.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 175.36 (%).Trend:Increase 234.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.37 (%).Trend:Decrease 50.18% than previous quarter

Overall: increasing (66.9%). 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 -34.63 (%).Trend:Decrease 35.09% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -174.81 (%).Trend:Increase 404.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -91.82 (%).Trend:Decrease 47.47% than previous quarter

Overall: decreasing (165.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.23 (%).Trend:Decrease 1.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.17 (%).Trend:Increase 7.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.38% than previous quarter

Overall: increasing (8.09%). 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 -18.76 (%).Trend:Increase 0.48% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -30.86 (%).Trend:Increase 64.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -32.23 (%).Trend:Increase 4.44% than previous quarter

Overall: decreasing (71.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.07 (USD).Trend:Decrease 3.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 94.39% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.61 (USD).Trend:Increase 916.67% than previous quarter

Overall: increasing (-42.99%). Fluctuation: **Significant** (high variation).



The data from Q3 2022 to Q2 2023 reveals substantial volatility across key financial ratios.  Both liabilities and current assets on revenue experienced dramatic increases followed by sharp declines, indicating instability in working capital management.  The ratio of retained earnings to revenue showed a significant decrease, suggesting concerns regarding profitability and earnings retention.  While SG&A expense ratio remained relatively stable, retained earnings on assets and earnings per share demonstrated high variability, demanding further analysis to identify underlying causes.