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 13.84 (%).Trend:Decrease 28.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 31.76 (%).Trend:Increase 129.48% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 19.01 (%).Trend:Decrease 40.14% than previous quarter

Overall: increasing (37.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.65 (%).Trend:Decrease 42.5% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 271.72 (%).Trend:Increase 217.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 148.18 (%).Trend:Decrease 45.47% than previous quarter

Overall: increasing (73.01%). 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 81.75 (%).Trend:Decrease 44.42% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 262.85 (%).Trend:Increase 221.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 140.37 (%).Trend:Decrease 46.6% than previous quarter

Overall: increasing (71.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 0.29% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.88 (%).Trend:Increase 8.14% than previous quarter

Overall: increasing (6.59%). 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 58.63 (%).Trend:Decrease 7.11% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 61.29 (%).Trend:Increase 4.54% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 60.97 (%).Trend:Decrease 0.52% than previous quarter

Overall: increasing (3.99%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q3 2022 to Q2 2023 reveals significant variability in key financial metrics. Liabilities on revenue show a significant overall increase with considerable quarterly fluctuations.  Current assets on revenue also increased overall with a considerable amount of fluctuation between quarters.  The ratio of retained earnings to revenue saw a marked overall increase with considerable fluctuation. Selling, general, and administrative (SG&A) expenses showed a slight overall increase with little fluctuation. Retained earnings on assets showed a slight overall increase with little fluctuation.