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 41.08 (%).Trend:Increase 35.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 110.33 (%).Trend:Increase 168.57% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.47 (%).Trend:Decrease 57.88% than previous quarter

Overall: increasing (13.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 113.41 (%).Trend:Decrease 27.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 346.1 (%).Trend:Increase 205.18% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 151.81 (%).Trend:Decrease 56.14% than previous quarter

Overall: increasing (33.86%). 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 90.74 (%).Trend:Decrease 38.95% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 278.97 (%).Trend:Increase 207.44% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 23.98 (%).Trend:Decrease 91.4% than previous quarter

Overall: decreasing (-73.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.96 (%).Trend:Increase 1.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.91 (%).Trend:Increase 69.06% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.37 (%).Trend:Decrease 11.59% than previous quarter

Overall: increasing (49.46%). 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 19.64 (%).Trend:Decrease 58.36% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.49 (%).Trend:Decrease 0.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.67 (%).Trend:Decrease 76.04% than previous quarter

Overall: decreasing (-76.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.85 (USD).Trend:Decrease 1.02% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.64 (USD).Trend:Decrease 113.2% than previous quarter
Year 2023 Quarter 2: Earning Per Share -27.14 (USD).Trend:Increase 4140.62% than previous quarter

Overall: decreasing (-659.59%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 depict a complex picture of financial performance. Working capital efficiency, measured by liabilities and current assets on revenue, shows a significant increase and a significant variation in fluctuation during this period. Cost efficiency, measured by the ratio of retained earnings to revenue, saw a substantial decrease in Q2 2023, after increasing in Q1 2023.  Selling, general, and administrative (SG&A) expenses show a moderate increase. Investment efficiency and earnings per share (EPS) show substantial and significant decreases, with a significant increase in EPS in the final quarter.