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 23.22 (%).Trend:Decrease 33.47% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 75.88 (%).Trend:Increase 226.79% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.62 (%).Trend:Decrease 55.69% than previous quarter

Overall: increasing (44.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 54.97 (%).Trend:Decrease 33.61% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 162.73 (%).Trend:Increase 196.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 68.5 (%).Trend:Decrease 57.91% than previous quarter

Overall: increasing (24.61%). 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 24.03 (%).Trend:Decrease 29.63% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 73.46 (%).Trend:Increase 205.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 37.82 (%).Trend:Decrease 48.52% than previous quarter

Overall: increasing (57.39%). 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 24.49 (%).Trend:Increase 7.51% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 25.59 (%).Trend:Increase 4.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 28.75 (%).Trend:Increase 12.35% than previous quarter

Overall: increasing (17.39%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.23 (USD).Trend:Increase 73.36% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.45 (USD).Trend:Decrease 65.72% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.87 (USD).Trend:Increase 97.93% than previous quarter

Overall: decreasing (-32.15%). Fluctuation: **Significant** (high variation).



The data from Q3 2022 to Q2 2023 reveals high volatility in financial performance. Working capital efficiency metrics (liabilities and current assets on revenue) display substantial increases overall but with significant quarterly fluctuations. Cost efficiency (ratio of retained earnings to revenue) also demonstrates considerable variations, increasing overall but experiencing large changes between quarters. Investment efficiency demonstrates a consistent and little-varied increase in retained earnings on assets.  Earnings per share, however, shows large and concerning fluctuations, rising from Q3 2022, decreasing substantially in Q1 2023, and then increasing again in Q2 2023.  The instability in earnings and working capital efficiency is a key concern.