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 20.97 (%).Trend:Decrease 44.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 74.64 (%).Trend:Increase 255.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.79 (%).Trend:Decrease 53.39% than previous quarter

Overall: increasing (65.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 79.59 (%).Trend:Decrease 32.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 270.33 (%).Trend:Increase 239.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 127.46 (%).Trend:Decrease 52.85% than previous quarter

Overall: increasing (60.15%). 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 133.74 (%).Trend:Decrease 28.58% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 434.5 (%).Trend:Increase 224.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 221.34 (%).Trend:Decrease 49.06% than previous quarter

Overall: increasing (65.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.61 (%).Trend:Decrease 4.07% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.0 (%).Trend:Increase 13.1% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.86 (%).Trend:Decrease 1.17% than previous quarter

Overall: increasing (11.78%). 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 87.83 (%).Trend:Increase 5.73% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 83.62 (%).Trend:Decrease 4.79% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 88.69 (%).Trend:Increase 6.06% than previous quarter

Overall: increasing (0.98%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 6.0 (USD).Trend:Increase 23.2% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 83.33% than previous quarter
Year 2023 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



This analysis, spanning Q3 2022 to Q2 2023, focuses on key financial ratios. Working Capital Efficiency shows increasing, but highly variable, Liabilities and Current Assets on Revenue. Cost Efficiency reveals a substantial increase in the Ratio of Retained Earnings to Revenue, also with significant fluctuation, while the SG&A Expense Ratio remains relatively stable. Invest Efficiency shows a slight increase in Retained Earnings on Assets with little variation, contrasted by a significant fluctuation in Earnings Per Share. The overall picture is one of dynamic change, particularly in working capital and retained earnings, requiring further scrutiny to determine sustainability.