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 51.24 (%).Trend:Decrease 31.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 161.78 (%).Trend:Increase 215.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 68.16 (%).Trend:Decrease 57.87% than previous quarter

Overall: increasing (33.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.9 (%).Trend:Decrease 33.23% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 244.58 (%).Trend:Increase 380.51% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 76.6 (%).Trend:Decrease 68.68% than previous quarter

Overall: increasing (50.49%). 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 76.32 (%).Trend:Decrease 31.18% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 257.36 (%).Trend:Increase 237.21% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 124.73 (%).Trend:Decrease 51.53% than previous quarter

Overall: increasing (63.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 30.41 (%).Trend:Decrease 1.93% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.4 (%).Trend:Decrease 3.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 24.92 (%).Trend:Decrease 15.24% than previous quarter

Overall: decreasing (-18.05%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.46 (USD).Trend:Increase 31.53% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.52 (USD).Trend:Decrease 64.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.7 (USD).Trend:Increase 34.62% than previous quarter

Overall: decreasing (-52.05%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals significant fluctuations in working capital efficiency. Liabilities and current assets on revenue show substantial increases and decreases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is increasing overall but with significant variation. Investment efficiency is slightly decreasing.  Earnings per share are also decreasing, but with significant variation.