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 73.33 (%).Trend:Decrease 31.74% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 252.38 (%).Trend:Increase 244.17% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 126.44 (%).Trend:Decrease 49.9% than previous quarter

Overall: increasing (72.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 95.55 (%).Trend:Decrease 32.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 322.55 (%).Trend:Increase 237.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 160.47 (%).Trend:Decrease 50.25% than previous quarter

Overall: increasing (67.94%). 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 19.18 (%).Trend:Decrease 30.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 56.58 (%).Trend:Increase 194.99% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 25.63 (%).Trend:Decrease 54.7% than previous quarter

Overall: increasing (33.63%). 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 9.94 (%).Trend:Increase 2.26% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 9.27 (%).Trend:Decrease 6.74% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 8.5 (%).Trend:Decrease 8.31% than previous quarter

Overall: decreasing (-14.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.4 (USD).Trend:Increase 66.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 102.5% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.35 (USD).Trend:Increase 3400.0% than previous quarter

Overall: decreasing (-187.5%). Fluctuation: **Significant** (high variation).



The analysis covers working capital efficiency, cost efficiency, investment efficiency, and earnings per share over three quarters, from Q3 2022 to Q2 2023.  Working capital efficiency metrics (liabilities and current assets on revenue) show significant fluctuation and large changes over the period. Cost efficiency, specifically the ratio of retained earnings to revenue, also demonstrates significant volatility, with drastic changes in Q1 2023.  Investment efficiency, measured by retained earnings on assets, displays a modest downward trend. Earnings per share show substantial fluctuation, with a significant decline in the observed period.