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 312.72 (%).Trend:Increase 49.63% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 454.33 (%).Trend:Increase 45.28% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 221.81 (%).Trend:Decrease 51.18% than previous quarter

Overall: decreasing (-29.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 55.91 (%).Trend:Decrease 46.12% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 137.48 (%).Trend:Increase 145.9% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 70.47 (%).Trend:Decrease 48.74% than previous quarter

Overall: increasing (26.04%). 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 -55.63 (%).Trend:Increase 29.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -329.03 (%).Trend:Increase 491.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -169.57 (%).Trend:Decrease 48.46% than previous quarter

Overall: decreasing (204.82%). 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 -7.26 (%).Trend:Increase 93.6% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -14.37 (%).Trend:Increase 97.93% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -15.44 (%).Trend:Increase 7.45% than previous quarter

Overall: decreasing (112.67%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 is marked by significant volatility. Liabilities on revenue demonstrate a net decrease, but with large fluctuations.  Current assets on revenue show an overall increase, although with significant swings.  Cost efficiency, measured by the retained earnings to revenue ratio, shows a notable decrease with dramatic variations. Investment efficiency, shown by retained earnings on assets, trends downwards, also with large quarterly differences.  This highlights a period of financial instability.