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 36.34 (%).Trend:Decrease 27.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 97.3 (%).Trend:Increase 167.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 57.13 (%).Trend:Decrease 41.28% than previous quarter

Overall: increasing (57.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 44.03 (%).Trend:Decrease 30.34% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 138.0 (%).Trend:Increase 213.42% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 71.54 (%).Trend:Decrease 48.16% than previous quarter

Overall: increasing (62.48%). 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 52.37 (%).Trend:Decrease 34.08% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 167.11 (%).Trend:Increase 219.09% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 74.32 (%).Trend:Decrease 55.53% than previous quarter

Overall: increasing (41.91%). 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 50.88 (%).Trend:Decrease 0.97% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 54.74 (%).Trend:Increase 7.59% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.29 (%).Trend:Decrease 30.05% than previous quarter

Overall: decreasing (-24.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.35 (USD).Trend:Increase 48.89% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.2 (USD).Trend:Decrease 34.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 36.36% than previous quarter

Overall: decreasing (-10.45%). Fluctuation: **Neutral** (moderate variation).



Financial statements for Q3 2022 to Q2 2023 indicate significant fluctuations in key financial metrics. Liabilities on revenue decreased in Q3 2022, rose significantly in Q1 2023, and then fell again in Q2 2023. Similarly, current assets on revenue decreased in Q3 2022, increased drastically in Q1 2023, and decreased in Q2 2023.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a similar volatile pattern.  Investment efficiency, calculated by retained earnings on assets, decreased slightly from Q3 2022 to Q2 2023. Earnings per share increased in Q3 2022, decreased in Q1 2023, and increased again in Q2 2023.