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 35.87 (%).Trend:Decrease 35.46% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 125.7 (%).Trend:Increase 250.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 60.18 (%).Trend:Decrease 52.12% than previous quarter

Overall: increasing (67.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 48.49 (%).Trend:Decrease 32.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 147.63 (%).Trend:Increase 204.45% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 73.23 (%).Trend:Decrease 50.4% than previous quarter

Overall: increasing (51.02%). 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 87.53 (%).Trend:Decrease 33.43% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 263.22 (%).Trend:Increase 200.72% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 129.05 (%).Trend:Decrease 50.97% than previous quarter

Overall: increasing (47.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.98 (%).Trend:Decrease 4.1% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.73 (%).Trend:Increase 6.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.97 (%).Trend:Decrease 2.74% than previous quarter

Overall: increasing (3.81%). 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 43.76 (%).Trend:Increase 2.87% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 44.24 (%).Trend:Increase 1.1% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.65 (%).Trend:Increase 0.93% than previous quarter

Overall: increasing (2.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 72.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 71.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.98 (USD).Trend:Increase 141.46% than previous quarter

Overall: decreasing (-31.72%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 shows significant fluctuations in working capital efficiency, cost efficiency, and earnings per share. Liabilities and current assets on revenue, as well as the retained earnings ratio, demonstrate substantial increases and decreases. The SG&A expense ratio, however, exhibits minimal variation. Investment efficiency shows consistent small increases in retained earnings on assets.