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 46.28 (%).Trend:Decrease 26.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 142.41 (%).Trend:Increase 207.71% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 65.52 (%).Trend:Decrease 53.99% than previous quarter

Overall: increasing (41.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 20.31 (%).Trend:Decrease 62.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.08 (%).Trend:Increase 230.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.05 (%).Trend:Decrease 56.69% than previous quarter

Overall: increasing (43.03%). 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 35.79 (%).Trend:Decrease 33.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 101.11 (%).Trend:Increase 182.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 50.17 (%).Trend:Decrease 50.38% than previous quarter

Overall: increasing (40.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.17 (%).Trend:Decrease 0.85% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.95 (%).Trend:Decrease 1.45% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.23 (%).Trend:Decrease 4.82% than previous quarter

Overall: decreasing (-6.2%). 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 14.36 (%).Trend:Decrease 1.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 14.71 (%).Trend:Increase 2.44% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 15.18 (%).Trend:Increase 3.2% than previous quarter

Overall: increasing (5.71%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.06 (USD).Trend:Increase 41.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 86.79% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.5 (USD).Trend:Increase 257.14% than previous quarter

Overall: decreasing (-52.83%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 reveal significant fluctuations in working capital and cost efficiency. Liabilities on revenue and current assets on revenue show considerable variability.  The retained earnings-to-revenue ratio exhibits large swings.  The selling, general, and administrative (SG&A) expense ratio displays minimal variation, consistently decreasing. Investment efficiency shows a steady rise in retained earnings on assets. Earnings per share, however, demonstrate considerable volatility. Overall, significant fluctuations demand further scrutiny of the underlying causes.