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 38.1 (%).Trend:Decrease 35.48% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 118.75 (%).Trend:Increase 211.68% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 56.64 (%).Trend:Decrease 52.3% than previous quarter

Overall: increasing (48.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 70.98 (%).Trend:Decrease 33.92% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 231.56 (%).Trend:Increase 226.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.24 (%).Trend:Decrease 48.07% than previous quarter

Overall: increasing (69.4%). 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 64.27 (%).Trend:Decrease 33.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 205.78 (%).Trend:Increase 220.18% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 104.54 (%).Trend:Decrease 49.2% than previous quarter

Overall: increasing (62.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.39 (%).Trend:Increase 0.03% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.88 (%).Trend:Increase 18.68% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.7 (%).Trend:Decrease 3.38% than previous quarter

Overall: increasing (14.66%). 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 42.41 (%).Trend:Increase 3.87% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 33.25 (%).Trend:Decrease 21.6% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 33.37 (%).Trend:Increase 0.36% than previous quarter

Overall: decreasing (-21.32%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 7.6 (USD).Trend:Increase 70.02% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.03 (USD).Trend:Decrease 86.45% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 94.17% than previous quarter

Overall: decreasing (-73.68%). Fluctuation: **Significant** (high variation).



Financial statements show significant fluctuations in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2023, then decreased in Q2 and Q3 2023. Current assets on revenue also displayed a pattern of significant increases and decreases. Cost efficiency (ratio of retained earnings to revenue) had significant variations in the three quarters. SG&A expense ratio had minimal fluctuations.  Investment efficiency (retained earnings on assets) showed moderate fluctuation, slightly decreasing. Earnings per share also demonstrated significant fluctuations.