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 48.2 (%).Trend:Decrease 24.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 180.92 (%).Trend:Increase 275.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 103.92 (%).Trend:Decrease 42.56% than previous quarter

Overall: increasing (115.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 113.1 (%).Trend:Decrease 40.33% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 330.42 (%).Trend:Increase 192.15% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 191.01 (%).Trend:Decrease 42.19% than previous quarter

Overall: increasing (68.89%). 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 -32.45 (%).Trend:Decrease 5.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -74.4 (%).Trend:Increase 129.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -47.47 (%).Trend:Decrease 36.2% than previous quarter

Overall: decreasing (46.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -11.88 (%).Trend:Increase 33.48% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -10.07 (%).Trend:Decrease 15.24% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.61 (%).Trend:Increase 15.29% than previous quarter

Overall: increasing (-2.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.7 (USD).Trend:Increase 150.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 97.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.3 (USD).Trend:Increase 1400.0% than previous quarter

Overall: increasing (-57.14%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 displays significant volatility. Liabilities on revenue initially decrease before rising and then decreasing again. Current assets on revenue show a similar pattern of initial decline followed by a sharp increase and subsequent decrease. The ratio of retained earnings to revenue shows a consistent downward trend. Investment efficiency demonstrates a slight decline in retained earnings on assets, with fluctuations. Earnings per share show a significant negative trend with significant fluctuations across the period. The data suggests a period of instability with significant operational challenges.