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 25.88 (%).Trend:Decrease 37.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 88.08 (%).Trend:Increase 240.34% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.0 (%).Trend:Decrease 48.91% than previous quarter

Overall: increasing (73.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.09 (%).Trend:Decrease 35.43% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 184.06 (%).Trend:Increase 253.35% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 88.8 (%).Trend:Decrease 51.75% than previous quarter

Overall: increasing (70.47%). 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 33.51 (%).Trend:Decrease 32.98% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 120.47 (%).Trend:Increase 259.5% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 56.14 (%).Trend:Decrease 53.4% than previous quarter

Overall: increasing (67.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.48 (%).Trend:Decrease 2.3% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.66 (%).Trend:Increase 22.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 37.87 (%).Trend:Decrease 2.04% than previous quarter

Overall: increasing (20.3%). 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 30.31 (%).Trend:Increase 4.63% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.71 (%).Trend:Decrease 1.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 28.4 (%).Trend:Decrease 4.41% than previous quarter

Overall: decreasing (-6.3%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.5 (USD).Trend:Increase 257.14% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.96 (USD).Trend:Decrease 292.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.4 (USD).Trend:Increase 45.83% than previous quarter

Overall: decreasing (-380.0%). Fluctuation: **Significant** (high variation).



Between Q3 2022 and Q2 2023, liabilities and current assets on revenue both increased significantly (73.88% and 70.47%, respectively), showing high variation.  The ratio of retained earnings to revenue also increased significantly (67.53%), while the SG&A expense ratio increased moderately (20.3%). Retained earnings on assets decreased slightly (-6.3%), with low variation.  Earnings per share decreased drastically (-380.0%), showing significant fluctuation.