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 42.38 (%).Trend:Decrease 33.87% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 134.83 (%).Trend:Increase 218.15% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.7 (%).Trend:Decrease 53.5% than previous quarter

Overall: increasing (47.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 86.32 (%).Trend:Decrease 35.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 259.33 (%).Trend:Increase 200.43% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 125.17 (%).Trend:Decrease 51.73% than previous quarter

Overall: increasing (45.01%). 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 142.8 (%).Trend:Decrease 33.67% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 385.02 (%).Trend:Increase 169.62% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 184.36 (%).Trend:Decrease 52.12% than previous quarter

Overall: increasing (29.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.14 (%).Trend:Increase 2.59% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.92 (%).Trend:Increase 3.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.02 (%).Trend:Decrease 7.62% than previous quarter

Overall: decreasing (-4.64%). 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 81.64 (%).Trend:Increase 2.02% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 77.41 (%).Trend:Decrease 5.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 77.21 (%).Trend:Decrease 0.26% than previous quarter

Overall: decreasing (-5.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.52 (USD).Trend:Increase 136.36% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.2 (USD).Trend:Decrease 61.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.59 (USD).Trend:Increase 195.0% than previous quarter

Overall: increasing (13.46%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows significant fluctuations. Liabilities on revenue decreased from 42.38% in Q3 2022 to 62.7% in Q2 2023, then increased to 134.83% in Q1 2023. Current assets on revenue similarly trended, decreasing from 86.32% in Q3 2022 to 125.17% in Q2 2023, then increasing to 259.33% in Q1 2023. The ratio of retained earnings to revenue rose from 142.8% in Q3 2022 to 385.02% in Q1 2023, then declined to 184.36% in Q2 2023. SG&A expense ratio decreased slightly from Q3 2022 to Q2 2023.  Retained earnings on assets decreased from Q3 2022 to Q2 2023. Earnings per share increased significantly in Q3 2022, then decreased drastically in Q1 2023 before increasing again in Q2 2023.