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 31.32 (%).Trend:Decrease 44.47% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 163.96 (%).Trend:Increase 423.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 75.72 (%).Trend:Decrease 53.82% than previous quarter

Overall: increasing (141.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 38.54 (%).Trend:Decrease 41.84% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 193.75 (%).Trend:Increase 402.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.93 (%).Trend:Decrease 53.07% than previous quarter

Overall: increasing (135.94%). 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 13.85 (%).Trend:Decrease 17.41% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 58.3 (%).Trend:Increase 320.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 26.46 (%).Trend:Decrease 54.61% than previous quarter

Overall: increasing (91.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.51 (%).Trend:Decrease 4.51% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.23 (%).Trend:Increase 28.59% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.86 (%).Trend:Decrease 11.16% than previous quarter

Overall: increasing (14.23%). 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 13.84 (%).Trend:Increase 36.62% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.78 (%).Trend:Decrease 7.66% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 13.32 (%).Trend:Increase 4.23% than previous quarter

Overall: decreasing (-3.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 8.14 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.62 (USD).Trend:Decrease 92.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.21 (USD).Trend:Increase 256.45% than previous quarter

Overall: decreasing (-72.85%). Fluctuation: **Significant** (high variation).



Working capital efficiency, liabilities on revenue, and current assets on revenue show significant fluctuations (high variation) between Q3 2022 and Q2 2023. Liabilities on revenue decreased 44.47% in Q3 2022, increased dramatically to 163.96% in Q1 2023, and then decreased to 75.72% in Q2 2023. Current assets on revenue similarly decreased 41.84% in Q3 2022, increased significantly to 193.75% in Q1 2023, and decreased 53.07% in Q2 2023. Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows considerable fluctuations, increasing significantly to 58.3% in Q1 2023, and then declining. The SG&A expense ratio shows moderate fluctuation. Investment efficiency, with retained earnings on assets, shows little fluctuation. Earnings per share experienced a significant decrease.