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 32.36 (%).Trend:Decrease 27.46% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.71 (%).Trend:Increase 121.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.58 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (13.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 303.35 (%).Trend:Decrease 38.63% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 644.91 (%).Trend:Increase 112.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 291.89 (%).Trend:Decrease 54.74% than previous quarter

Overall: decreasing (-3.78%). 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 -142.13 (%).Trend:Decrease 26.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -452.22 (%).Trend:Increase 218.17% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -226.63 (%).Trend:Decrease 49.89% than previous quarter

Overall: decreasing (59.45%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 105.95 (%).Trend:Decrease 3.81% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 111.24 (%).Trend:Increase 4.99% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 99.21 (%).Trend:Decrease 10.81% than previous quarter

Overall: decreasing (-6.36%). Fluctuation: **Little** (low 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 -30.64 (%).Trend:Increase 16.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -44.53 (%).Trend:Increase 45.33% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -49.11 (%).Trend:Increase 10.29% than previous quarter

Overall: decreasing (60.28%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 1.96% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2022 to Q2 2023 showcases considerable volatility. Liabilities on revenue show an increase and subsequent drop.  Current assets on revenue also decrease. Cost efficiency, based on the retained earnings to revenue ratio, experiences substantial declines.  The selling, general, and administrative (SG&A) expense ratio shows a slight downward trend. Investment efficiency and earnings per share remain consistently negative and fluctuate considerably. These results necessitate further analysis to identify the factors behind these significant variations in financial indicators.