Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 101.82 (%).Trend:Decrease 60.23% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 49.54 (%).Trend:Decrease 51.35% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 146.62 (%).Trend:Increase 195.96% than previous quarter

Overall: increasing (44.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 181.9 (%).Trend:Decrease 59.15% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 123.28 (%).Trend:Decrease 32.23% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 127.15 (%).Trend:Increase 3.14% than previous quarter

Overall: decreasing (-30.1%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -409.03 (%).Trend:Decrease 45.55% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -292.43 (%).Trend:Decrease 28.51% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -666.46 (%).Trend:Increase 127.9% than previous quarter

Overall: decreasing (62.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 87.16 (%).Trend:Increase 2.63% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 86.33 (%).Trend:Decrease 0.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 96.36 (%).Trend:Increase 11.62% than previous quarter

Overall: increasing (10.56%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets -113.62 (%).Trend:Increase 16.1% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -120.27 (%).Trend:Increase 5.85% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -199.01 (%).Trend:Increase 65.47% than previous quarter

Overall: decreasing (75.15%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.15 (USD).Trend:Increase 15.38% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.19 (USD).Trend:Increase 26.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share -5.24 (USD).Trend:Increase 2657.89% than previous quarter

Overall: decreasing (3393.33%). Fluctuation: **Significant** (high variation).



Significant changes occurred from Q2 2022 to Q2 2023. Liabilities on revenue increased significantly (44%), while current assets showed a moderate decrease (-30.1%). Cost efficiency showed a significant decline in retained earnings to revenue (-62.94%), but a slight increase in SG&A expense ratio (10.56%). Investment efficiency drastically decreased, with retained earnings on assets falling (-75.15%) and earnings per share plummeting (-3393.33%).