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 11820.37 (%).Trend:Decrease 49.06% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 48681.12 (%).Trend:Increase 311.84% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 8307.25 (%).Trend:Decrease 82.94% than previous quarter

Overall: decreasing (-29.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 75261.12 (%).Trend:Decrease 49.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 234640.56 (%).Trend:Increase 211.77% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 45280.95 (%).Trend:Decrease 80.7% than previous quarter

Overall: decreasing (-39.83%). 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 -102077.27 (%).Trend:Decrease 48.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -454892.86 (%).Trend:Increase 345.64% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -84734.6 (%).Trend:Decrease 81.37% than previous quarter

Overall: increasing (-16.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8857.93 (%).Trend:Decrease 26.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12848.21 (%).Trend:Increase 45.05% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4498.54 (%).Trend:Decrease 64.99% than previous quarter

Overall: decreasing (-49.21%). Fluctuation: **Significant** (high 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 -116.98 (%).Trend:Increase 11.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -172.54 (%).Trend:Increase 47.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -167.21 (%).Trend:Decrease 3.09% than previous quarter

Overall: decreasing (42.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.34 (USD).Trend:Increase 69.62% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.57 (USD).Trend:Decrease 57.46% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.03 (USD).Trend:Increase 80.7% than previous quarter

Overall: increasing (-23.13%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 financial statements reveals significant instability. Liabilities and current assets on revenue are decreasing with substantial fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing but with large variations.  SG&A expense ratio is decreasing, but with significant fluctuation.  Investment efficiency and earnings per share are decreasing, with substantial fluctuations.