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 38.7 (%).Trend:Decrease 35.5% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 116.29 (%).Trend:Increase 200.49% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.76 (%).Trend:Decrease 47.75% than previous quarter

Overall: increasing (57.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 73.07 (%).Trend:Decrease 42.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 194.21 (%).Trend:Increase 165.79% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.92 (%).Trend:Decrease 53.18% than previous quarter

Overall: increasing (24.43%). 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 -175.31 (%).Trend:Decrease 31.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -486.18 (%).Trend:Increase 177.33% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -252.67 (%).Trend:Decrease 48.03% than previous quarter

Overall: decreasing (44.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.09 (%).Trend:Decrease 2.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.14 (%).Trend:Decrease 18.27% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.21 (%).Trend:Increase 4.83% than previous quarter

Overall: decreasing (-14.32%). 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 -66.56 (%).Trend:Increase 7.67% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -71.84 (%).Trend:Increase 7.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -75.95 (%).Trend:Increase 5.72% than previous quarter

Overall: decreasing (14.11%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 shows considerable fluctuations. Liabilities and current assets on revenue increased, though with significant volatility. Cost efficiency demonstrates a declining SG&A expense ratio. Investment efficiency continues its negative trend.  Overall, the data reveal significant variability in financial performance, requiring further analysis.