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 118.07 (%).Trend:Decrease 31.35% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 312.55 (%).Trend:Increase 164.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 162.01 (%).Trend:Decrease 48.17% than previous quarter

Overall: increasing (37.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 264.86 (%).Trend:Decrease 35.28% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 628.15 (%).Trend:Increase 137.16% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 325.12 (%).Trend:Decrease 48.24% than previous quarter

Overall: increasing (22.75%). 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 -115.7 (%).Trend:Decrease 29.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -268.94 (%).Trend:Increase 132.45% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -136.4 (%).Trend:Decrease 49.28% than previous quarter

Overall: decreasing (17.89%). 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 -35.42 (%).Trend:Increase 8.22% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -33.72 (%).Trend:Decrease 4.8% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -33.34 (%).Trend:Decrease 1.13% than previous quarter

Overall: increasing (-5.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -2.08 (USD).Trend:Increase 51.82% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.48 (USD).Trend:Decrease 76.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.87 (USD).Trend:Increase 81.25% than previous quarter

Overall: increasing (-58.17%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in both liabilities and current assets on revenue from Q3 2022 to Q2 2023, with overall increases of 37.22% and 22.75% respectively. Cost efficiency is concerning, as the ratio of retained earnings to revenue is decreasing significantly (-17.89%) with high variation. Investment efficiency reveals a slight increase in retained earnings on assets (-5.87%) despite substantial fluctuation. Earnings per share are also declining overall (-58.17%) and exhibit significant volatility. These trends suggest potential challenges in profitability and retained earnings generation, requiring further investigation into the underlying drivers of these fluctuations.