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 33.44 (%).Trend:Decrease 31.63% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 95.76 (%).Trend:Increase 186.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.76 (%).Trend:Decrease 49.08% than previous quarter

Overall: increasing (45.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.62 (%).Trend:Decrease 31.4% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 129.65 (%).Trend:Increase 190.56% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.12 (%).Trend:Decrease 49.0% than previous quarter

Overall: increasing (48.18%). 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 33.14 (%).Trend:Decrease 33.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 90.84 (%).Trend:Increase 174.11% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 45.86 (%).Trend:Decrease 49.52% than previous quarter

Overall: increasing (38.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.3 (%).Trend:Decrease 2.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.02 (%).Trend:Decrease 8.48% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.04 (%).Trend:Increase 0.66% than previous quarter

Overall: decreasing (-7.88%). Fluctuation: **Little** (low 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 38.44 (%).Trend:Increase 0.65% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 36.86 (%).Trend:Decrease 4.11% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 36.71 (%).Trend:Decrease 0.41% than previous quarter

Overall: decreasing (-4.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.52 (USD).Trend:Increase 78.68% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.42 (USD).Trend:Decrease 31.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.27 (USD).Trend:Increase 117.77% than previous quarter

Overall: increasing (49.72%). Fluctuation: **Significant** (high variation).



Review of Q3 2022 to Q2 2023 data shows significant fluctuations in working capital efficiency and ratio of retained earnings to revenue, with overall increases despite high variability.  The SG&A expense ratio decreased slightly, while retained earnings on assets also showed a small decline.  Earnings per share increased overall, but with considerable volatility.