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 34.61 (%).Trend:Decrease 32.72% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 100.09 (%).Trend:Increase 189.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.38 (%).Trend:Decrease 54.66% than previous quarter

Overall: increasing (31.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 95.19 (%).Trend:Decrease 33.7% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 284.44 (%).Trend:Increase 198.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 143.58 (%).Trend:Decrease 49.52% than previous quarter

Overall: increasing (50.84%). 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 75.91 (%).Trend:Decrease 34.19% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 226.99 (%).Trend:Increase 199.03% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 112.25 (%).Trend:Decrease 50.55% than previous quarter

Overall: increasing (47.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.8 (%).Trend:Decrease 1.99% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.47 (%).Trend:Increase 4.86% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.35 (%).Trend:Increase 6.08% than previous quarter

Overall: increasing (11.23%). 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 40.22 (%).Trend:Increase 1.11% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 40.88 (%).Trend:Increase 1.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 36.97 (%).Trend:Decrease 9.56% than previous quarter

Overall: decreasing (-8.08%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.72 (USD).Trend:Increase 68.63% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.43 (USD).Trend:Decrease 75.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.59 (USD).Trend:Increase 37.21% than previous quarter

Overall: decreasing (-65.7%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 shows significant fluctuations. Working capital efficiency demonstrates overall increases in both liabilities and current assets, but with substantial quarter-to-quarter changes. Cost efficiency demonstrates a slight overall increase in the SG&A expense ratio, despite volatility.  Investment efficiency displays slight overall decreases, while earnings per share show a considerable overall decrease, with significant volatility.