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 21.14 (%).Trend:Decrease 34.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.73 (%).Trend:Increase 182.54% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.73 (%).Trend:Decrease 53.57% than previous quarter

Overall: increasing (31.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 31.02 (%).Trend:Decrease 33.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 100.55 (%).Trend:Increase 224.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 38.76 (%).Trend:Decrease 61.45% than previous quarter

Overall: increasing (24.95%). 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 28.83 (%).Trend:Decrease 34.83% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 83.89 (%).Trend:Increase 190.98% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 43.26 (%).Trend:Decrease 48.43% than previous quarter

Overall: increasing (50.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.22 (%).Trend:Increase 2.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Increase 4.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.76 (%).Trend:Increase 0.34% than previous quarter

Overall: increasing (4.81%). 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 24.54 (%).Trend:Decrease 2.15% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.75 (%).Trend:Increase 0.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 27.25 (%).Trend:Increase 10.1% than previous quarter

Overall: increasing (11.04%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 reveal significant fluctuation in working capital efficiency. Liabilities on revenue show a significant (high variation) increase overall (31.17%), with substantial quarter-to-quarter changes. Current assets on revenue also show a substantial (high variation) overall increase (24.95%), with equally dramatic shifts.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a considerable (high variation) overall increase (50.05%).  However, selling, general, and administrative (SG&A) expense ratios display only modest changes.  Invest efficiency (retained earnings on assets) shows a (low variation) increase overall (11.04%).