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 348.59 (%).Trend:Decrease 29.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 848.57 (%).Trend:Increase 143.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.01 (%).Trend:Decrease 93.64% than previous quarter

Overall: decreasing (-84.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 216.99 (%).Trend:Decrease 37.46% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 702.53 (%).Trend:Increase 223.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.11 (%).Trend:Decrease 88.6% than previous quarter

Overall: decreasing (-63.08%). 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 -865.59 (%).Trend:Decrease 35.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -2833.64 (%).Trend:Increase 227.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -334.88 (%).Trend:Decrease 88.18% than previous quarter

Overall: increasing (-61.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.57 (%).Trend:Increase 4.75% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 55.36 (%).Trend:Decrease 0.38% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.01 (%).Trend:Decrease 72.89% than previous quarter

Overall: decreasing (-72.99%). Fluctuation: **Significant** (high 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 -202.72 (%).Trend:Increase 5.64% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -202.08 (%).Trend:Decrease 0.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -208.95 (%).Trend:Increase 3.4% than previous quarter

Overall: decreasing (3.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.31 (USD).Trend:Increase 416.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 170.97% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 18.18% than previous quarter

Overall: increasing (-158.06%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 shows considerable instability across key metrics. Liabilities and current assets on revenue displayed significant fluctuations, with overall decreases. Cost efficiency, indicated by the ratio of retained earnings to revenue, continued to decline with significant volatility. Selling, general, and administrative expenses (SG&A) also decreased significantly, while earnings per share show a substantial increase. The financial results suggest a period of volatility requiring careful scrutiny for underlying causes and a need for corrective actions.