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 23.38 (%).Trend:Decrease 51.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 15.62 (%).Trend:Decrease 33.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.21 (%).Trend:Increase 48.59% than previous quarter

Overall: decreasing (-0.73%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 60.3 (%).Trend:Decrease 50.46% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 41.01 (%).Trend:Decrease 31.99% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 64.58 (%).Trend:Increase 57.47% than previous quarter

Overall: increasing (7.1%). 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 134.5 (%).Trend:Decrease 49.85% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 91.04 (%).Trend:Decrease 32.31% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 138.73 (%).Trend:Increase 52.38% than previous quarter

Overall: increasing (3.14%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.46 (%).Trend:Increase 0.77% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.39 (%).Trend:Decrease 0.3% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.41 (%).Trend:Increase 0.09% than previous quarter

Overall: decreasing (-0.21%). 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 142.8 (%).Trend:Increase 2.09% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 144.45 (%).Trend:Increase 1.16% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 142.91 (%).Trend:Decrease 1.07% than previous quarter

Overall: increasing (0.08%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 14.33 (USD).Trend:Increase 101.55% than previous quarter
Year 2022 Quarter 3: Earning Per Share 22.0 (USD).Trend:Increase 53.52% than previous quarter
Year 2023 Quarter 2: Earning Per Share 18.0 (USD).Trend:Decrease 18.18% than previous quarter

Overall: increasing (25.61%). Fluctuation: **Neutral** (moderate variation).



Financial analysis from Q2 2022 to Q2 2023 indicates moderate variation across various metrics.  Working capital efficiency shows a slight decrease in liabilities on revenue, while current assets on revenue show an overall increase.  Cost efficiency reveals an increase in the retained earnings-to-revenue ratio, though still showing moderate fluctuation. The SG&A expense ratio displays a stable, downward trend.  Invest efficiency shows minimal fluctuations in retained earnings on assets.  Earnings per share show moderate increases with neutral fluctuation.