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 42.02 (%).Trend:Decrease 22.76% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 73.07 (%).Trend:Increase 73.89% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 25.09 (%).Trend:Decrease 65.66% than previous quarter

Overall: decreasing (-40.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 75.23 (%).Trend:Decrease 27.66% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 155.49 (%).Trend:Increase 106.69% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.48 (%).Trend:Decrease 53.39% than previous quarter

Overall: decreasing (-3.66%). 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 22.53 (%).Trend:Decrease 31.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 60.87 (%).Trend:Increase 170.17% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 35.66 (%).Trend:Decrease 41.42% than previous quarter

Overall: increasing (58.28%). 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 26.12 (%).Trend:Decrease 3.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.15 (%).Trend:Increase 30.74% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 42.39 (%).Trend:Increase 24.13% than previous quarter

Overall: increasing (62.29%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.82 (USD).Trend:Increase 113.64% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.51 (USD).Trend:Increase 24.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share 6.84 (USD).Trend:Increase 94.87% than previous quarter

Overall: increasing (142.55%). Fluctuation: **Significant** (high variation).



The financial statements from Q3 2022 to Q2 2023 reveal a complex financial picture. Liabilities on revenue show a downward trend punctuated by an unexpected increase in Q1 2023. Current assets on revenue also exhibit large variations in the same period. Cost efficiency, as measured by the retained earnings to revenue ratio, demonstrates an overall increasing trend, though with substantial fluctuation. Investment efficiency and earnings per share show consistent upward trends, albeit with pronounced variance in the various quarters.