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 27.62 (%).Trend:Decrease 33.29% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 72.7 (%).Trend:Increase 163.22% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.98 (%).Trend:Decrease 49.13% than previous quarter

Overall: increasing (33.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 15.02 (%).Trend:Decrease 33.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 43.27 (%).Trend:Increase 188.08% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 15.7 (%).Trend:Decrease 63.72% than previous quarter

Overall: increasing (4.53%). 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 -16.24 (%).Trend:Decrease 50.52% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -35.01 (%).Trend:Increase 115.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -13.91 (%).Trend:Decrease 60.27% than previous quarter

Overall: increasing (-14.35%). 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 -10.95 (%).Trend:Decrease 39.9% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -8.56 (%).Trend:Decrease 21.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -7.0 (%).Trend:Decrease 18.22% than previous quarter

Overall: increasing (-36.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.01 (USD).Trend:Increase 42.25% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.01 (USD).Trend:Decrease 99.01% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 1500.0% than previous quarter

Overall: decreasing (-84.16%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 shows significant fluctuations across all key metrics. Liabilities on revenue increased by 33.89%, while current assets on revenue showed a more modest increase (4.53%). Cost efficiency demonstrates a small increase in the ratio of retained earnings to revenue (-14.35%). Investment efficiency shows a steady increase in retained earnings on assets (-36.07%).  Earnings per share decreased substantially (-84.16%) but exhibited significant volatility across the three quarters.