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 28.57 (%).Trend:Decrease 38.19% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 113.31 (%).Trend:Increase 296.6% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.37 (%).Trend:Decrease 52.02% than previous quarter

Overall: increasing (90.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 40.45 (%).Trend:Decrease 37.21% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 157.3 (%).Trend:Increase 288.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 72.14 (%).Trend:Decrease 54.14% than previous quarter

Overall: increasing (78.34%). 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 4.94 (%).Trend:Decrease 28.82% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 13.21 (%).Trend:Increase 167.41% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 5.82 (%).Trend:Decrease 55.94% than previous quarter

Overall: increasing (17.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.9 (%).Trend:Increase 1.53% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.6 (%).Trend:Increase 12.33% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.22 (%).Trend:Decrease 5.61% than previous quarter

Overall: increasing (6.03%). 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 6.22 (%).Trend:Increase 7.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.24 (%).Trend:Decrease 31.83% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.11 (%).Trend:Decrease 3.07% than previous quarter

Overall: decreasing (-33.92%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 4.01 (USD).Trend:Increase 32.34% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 98.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.72 (USD).Trend:Increase 928.57% than previous quarter

Overall: decreasing (-82.04%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022-Q2 2023 data reveals highly variable financial performance.  Liabilities and current assets on revenue both increased overall, despite large swings between quarters.  Ratio of Retained Earnings to Revenue also increased but with significant fluctuation. SG&A expenses increased slightly with low variation.  Retained Earning on Assets decreased moderately while Earnings Per Share decreased significantly.