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 29.25 (%).Trend:Decrease 38.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.05 (%).Trend:Increase 207.86% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 43.92 (%).Trend:Decrease 51.23% than previous quarter

Overall: increasing (50.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 52.35 (%).Trend:Decrease 34.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 175.36 (%).Trend:Increase 234.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.37 (%).Trend:Decrease 50.18% than previous quarter

Overall: increasing (66.9%). 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 -34.63 (%).Trend:Decrease 35.09% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -174.81 (%).Trend:Increase 404.79% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -91.82 (%).Trend:Decrease 47.47% than previous quarter

Overall: decreasing (165.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.23 (%).Trend:Decrease 1.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.17 (%).Trend:Increase 7.69% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.38% than previous quarter

Overall: increasing (8.09%). 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 -18.76 (%).Trend:Increase 0.48% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -30.86 (%).Trend:Increase 64.5% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -32.23 (%).Trend:Increase 4.44% than previous quarter

Overall: decreasing (71.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.07 (USD).Trend:Decrease 3.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 94.39% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.61 (USD).Trend:Increase 916.67% than previous quarter

Overall: increasing (-42.99%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023 data highlights significant fluctuations in working capital efficiency, with liabilities and current assets on revenue increasing substantially before decreasing.  Cost efficiency shows a considerable decrease in the ratio of retained earnings to revenue, while SG&A expenses increased slightly. Investment efficiency, represented by retained earnings on assets, decreased considerably. Earnings per share show significant volatility, initially declining sharply then rising substantially.