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 20.87 (%).Trend:Decrease 35.82% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.89 (%).Trend:Increase 148.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.47 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (26.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 19.19 (%).Trend:Decrease 40.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 52.78 (%).Trend:Increase 175.04% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 27.69 (%).Trend:Decrease 47.54% than previous quarter

Overall: increasing (44.29%). 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 5.11 (%).Trend:Decrease 9.4% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 18.29 (%).Trend:Increase 257.93% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 10.02 (%).Trend:Decrease 45.22% than previous quarter

Overall: increasing (96.09%). 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 3.53 (%).Trend:Increase 35.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.55 (%).Trend:Increase 28.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.03 (%).Trend:Increase 10.55% than previous quarter

Overall: increasing (42.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.11 (USD).Trend:Decrease 283.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 45.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 166.67% than previous quarter

Overall: increasing (45.45%). Fluctuation: **Significant** (high variation).



Q3 2022 to Q2 2023 data shows significant fluctuations. Liabilities and current assets on revenue increased, indicating potential working capital improvement. The ratio of retained earnings to revenue also increased significantly, reflecting improved cost efficiency. Retained earnings on assets saw moderate growth, while earnings per share increased substantially, but with volatility.