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 23.94 (%).Trend:Decrease 29.42% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.69 (%).Trend:Increase 203.63% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.64 (%).Trend:Decrease 52.35% than previous quarter

Overall: increasing (44.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.44 (%).Trend:Decrease 31.56% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 117.75 (%).Trend:Increase 164.96% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 56.09 (%).Trend:Decrease 52.37% than previous quarter

Overall: increasing (26.22%). 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 -5.8 (%).Trend:Decrease 39.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -24.19 (%).Trend:Increase 317.07% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -15.38 (%).Trend:Decrease 36.42% than previous quarter

Overall: decreasing (165.17%). 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 -5.83 (%).Trend:Decrease 9.33% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -8.56 (%).Trend:Increase 46.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -10.9 (%).Trend:Increase 27.34% than previous quarter

Overall: decreasing (86.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.01 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.23 (USD).Trend:Increase 187.5% than previous quarter

Overall: decreasing (2200.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 reveals highly volatile performance. Liabilities on revenue show an initial decrease followed by a large increase and subsequent decrease. Current assets on revenue demonstrate a similar pattern of decrease and increase. Cost efficiency, represented by the retained earnings to revenue ratio, reveals a substantial overall decrease.  Investment efficiency and earnings per share exhibit extreme volatility.