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 27.13 (%).Trend:Decrease 38.95% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 107.41 (%).Trend:Increase 295.91% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 55.27 (%).Trend:Decrease 48.54% than previous quarter

Overall: increasing (103.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 109.08 (%).Trend:Decrease 40.72% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 306.51 (%).Trend:Increase 181.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 153.34 (%).Trend:Decrease 49.97% than previous quarter

Overall: increasing (40.58%). 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 -7264.64 (%).Trend:Decrease 32.91% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -22414.06 (%).Trend:Increase 208.54% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -11694.17 (%).Trend:Decrease 47.83% than previous quarter

Overall: decreasing (60.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.11 (%).Trend:Increase 0.21% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.85 (%).Trend:Decrease 8.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.62 (%).Trend:Increase 10.72% than previous quarter

Overall: increasing (1.81%). 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 -3702.34 (%).Trend:Increase 7.63% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -3939.06 (%).Trend:Increase 6.39% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -3804.44 (%).Trend:Decrease 3.42% than previous quarter

Overall: decreasing (2.76%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2022 to Q2 2023, liabilities on revenue increased overall (103.72%), and current assets on revenue also increased (40.58%), both with significant fluctuations. The ratio of retained earnings to revenue decreased significantly (60.97%).  The SG&A expense ratio increased slightly (1.81%) with low variation. Retained earnings on assets decreased (2.76%) with significant fluctuation.