Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 49.0 (%).Trend:Decrease 62.65% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.69 (%).Trend:Decrease 35.33% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 49.05 (%).Trend:Increase 54.78% than previous quarter

Overall: increasing (0.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 79.9 (%).Trend:Decrease 66.05% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 54.8 (%).Trend:Decrease 31.41% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.27 (%).Trend:Increase 35.53% than previous quarter

Overall: decreasing (-7.05%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 126.32 (%).Trend:Decrease 49.06% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 86.22 (%).Trend:Decrease 31.74% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 131.62 (%).Trend:Increase 52.66% than previous quarter

Overall: increasing (4.2%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.72 (%).Trend:Decrease 5.89% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.33 (%).Trend:Decrease 1.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.32 (%).Trend:Decrease 11.04% than previous quarter

Overall: decreasing (-11.98%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 19.89 (%).Trend:Increase 6.19% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 20.51 (%).Trend:Increase 3.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.6 (%).Trend:Increase 5.31% than previous quarter

Overall: increasing (8.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 200.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 54.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.55 (USD).Trend:Decrease 52.59% than previous quarter

Overall: decreasing (-26.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q2 2023 indicate mixed results. Working capital efficiency exhibits neutral fluctuation in liabilities on revenue, while showing a slight decrease in current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a neutral increase. SG&A expense ratio demonstrates a consistent decrease. Invest efficiency shows a slight increase in retained earnings on assets. Earning per share exhibits significant variation, decreasing in Q2 2023, after a substantial increase the previous quarter.