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 23.13 (%).Trend:Decrease 29.89% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.45 (%).Trend:Increase 234.85% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.64 (%).Trend:Decrease 60.44% than previous quarter

Overall: increasing (32.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 39.47 (%).Trend:Decrease 30.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 146.06 (%).Trend:Increase 270.05% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 69.59 (%).Trend:Decrease 52.36% than previous quarter

Overall: increasing (76.31%). 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 -4.38 (%).Trend:Decrease 18.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -15.91 (%).Trend:Increase 263.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -9.34 (%).Trend:Decrease 41.29% than previous quarter

Overall: decreasing (113.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.02 (%).Trend:Decrease 0.74% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.1 (%).Trend:Increase 26.87% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.84 (%).Trend:Decrease 5.1% than previous quarter

Overall: increasing (20.4%). Fluctuation: **Neutral** (moderate 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 -5.06 (%).Trend:Increase 22.52% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.07 (%).Trend:Increase 0.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -6.06 (%).Trend:Increase 19.53% than previous quarter

Overall: decreasing (19.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.25 (USD).Trend:Decrease 327.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.49 (USD).Trend:Increase 96.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.84 (USD).Trend:Increase 71.43% than previous quarter

Overall: decreasing (236.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency reveals substantial fluctuations. Liabilities on revenue increased dramatically in Q1 2023, then decreased in Q2 and Q3 2023.  Current assets on revenue also displayed significant swings. Cost efficiency shows a clear downward trend in the ratio of retained earnings to revenue. The Selling, General & Administrative (SG&A) expense ratio trended upward, while retained earnings on assets and earnings per share decreased. The data indicates high volatility in financial performance requiring further investigation into the underlying factors.