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 39.67 (%).Trend:Decrease 30.2% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 107.41 (%).Trend:Increase 170.76% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 72.74 (%).Trend:Decrease 32.28% than previous quarter

Overall: increasing (83.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 71.96 (%).Trend:Decrease 28.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 179.62 (%).Trend:Increase 149.61% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 98.35 (%).Trend:Decrease 45.25% than previous quarter

Overall: increasing (36.67%). 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 49.24 (%).Trend:Decrease 43.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 88.11 (%).Trend:Increase 78.94% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 41.43 (%).Trend:Decrease 52.98% than previous quarter

Overall: decreasing (-15.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.57 (%).Trend:Decrease 6.5% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.29 (%).Trend:Decrease 27.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.59 (%).Trend:Decrease 10.44% than previous quarter

Overall: decreasing (-35.36%). 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 6.98 (%).Trend:Decrease 11.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 5.78 (%).Trend:Decrease 17.19% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 5.54 (%).Trend:Decrease 4.15% than previous quarter

Overall: decreasing (-20.63%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.55 (USD).Trend:Increase 14.58% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 63.64% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.19 (USD).Trend:Decrease 5.0% than previous quarter

Overall: increasing (-65.45%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 financial data reveals significant volatility across various financial metrics.  Working capital efficiency shows substantial fluctuations in liabilities and current assets as percentages of revenue.  Cost efficiency demonstrates a consistent decrease in the SG&A expense ratio, but significant fluctuations in the ratio of retained earnings to revenue.  Investment efficiency consistently shows a decline in retained earnings on assets. Earnings per share also experience significant volatility.