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 26.41 (%).Trend:Decrease 26.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 81.68 (%).Trend:Increase 209.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.83 (%).Trend:Decrease 58.58% than previous quarter

Overall: increasing (28.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 125.24 (%).Trend:Decrease 33.41% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 230.93 (%).Trend:Increase 84.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.42 (%).Trend:Decrease 59.55% than previous quarter

Overall: decreasing (-25.41%). 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 47.45 (%).Trend:Decrease 29.55% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 130.26 (%).Trend:Increase 174.52% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 58.97 (%).Trend:Decrease 54.73% than previous quarter

Overall: increasing (24.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.95 (%).Trend:Decrease 1.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.09 (%).Trend:Increase 46.26% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.72 (%).Trend:Decrease 2.83% than previous quarter

Overall: increasing (42.12%). Fluctuation: **Neutral** (moderate 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 21.69 (%).Trend:Increase 8.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.57 (%).Trend:Decrease 9.77% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 21.34 (%).Trend:Increase 9.04% than previous quarter

Overall: decreasing (-1.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 65.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.67 (USD).Trend:Decrease 49.24% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 56.72% than previous quarter

Overall: decreasing (-20.45%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 reveals substantial fluctuations in key metrics. Liabilities on revenue show a notable increase in Q1 2023, followed by a decrease in Q2 2023. Current assets on revenue trended downward despite a sharp increase in Q1 2023.  Cost efficiency, measured by the ratio of retained earnings to revenue, also saw a substantial increase in Q1 2023, followed by a sharp decrease in Q2 2023. SG&A expenses increased with moderate variation. Investment efficiency shows a slight overall decrease.  Earning per share shows a substantial decrease overall.