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 39.26 (%).Trend:Decrease 30.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 112.99 (%).Trend:Increase 187.8% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.34 (%).Trend:Decrease 51.02% than previous quarter

Overall: increasing (40.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 63.59 (%).Trend:Decrease 32.37% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 192.64 (%).Trend:Increase 202.94% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 90.02 (%).Trend:Decrease 53.27% than previous quarter

Overall: increasing (41.56%). 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 38.37 (%).Trend:Decrease 17.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 118.32 (%).Trend:Increase 208.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 54.41 (%).Trend:Decrease 54.01% than previous quarter

Overall: increasing (41.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.01 (%).Trend:Decrease 2.52% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.67 (%).Trend:Increase 13.82% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.36 (%).Trend:Decrease 2.27% than previous quarter

Overall: increasing (11.24%). 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 23.18 (%).Trend:Increase 20.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 23.62 (%).Trend:Increase 1.9% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.32 (%).Trend:Decrease 1.27% than previous quarter

Overall: increasing (0.6%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.86 (USD).Trend:Increase 67.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 88.34% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.68 (USD).Trend:Increase 51.11% than previous quarter

Overall: decreasing (-82.38%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 reveal significant fluctuations in working capital efficiency, with substantial increases and decreases in both liabilities and current assets on revenue. Cost efficiency shows similar high variability in the ratio of retained earnings to revenue. The Selling, General & Administrative (SG&A) expense ratio shows more stable, though still positive, growth.  Investment efficiency (retained earnings on assets) shows a slightly increasing trend with only minimal fluctuation. However, earnings per share demonstrate significant volatility, including a significant drop in Q1 2023, highlighting the potential instability of the company's income.