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 18.23 (%).Trend:Decrease 20.95% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 69.81 (%).Trend:Increase 282.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 31.85 (%).Trend:Decrease 54.38% than previous quarter

Overall: increasing (74.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 189.01 (%).Trend:Decrease 28.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 570.6 (%).Trend:Increase 201.89% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 277.76 (%).Trend:Decrease 51.32% than previous quarter

Overall: increasing (46.96%). 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 29.29 (%).Trend:Decrease 57.87% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 62.06 (%).Trend:Increase 111.88% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 9.14 (%).Trend:Decrease 85.27% than previous quarter

Overall: decreasing (-68.79%). 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 5.82 (%).Trend:Decrease 41.09% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.22 (%).Trend:Decrease 27.49% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 1.22 (%).Trend:Decrease 71.09% than previous quarter

Overall: decreasing (-79.04%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -4.83 (USD).Trend:Increase 54.81% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.01 (USD).Trend:Decrease 79.09% than previous quarter
Year 2023 Quarter 2: Earning Per Share -2.2 (USD).Trend:Increase 117.82% than previous quarter

Overall: increasing (-54.45%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 reveal substantial volatility in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2023 before decreasing. Current assets on revenue also demonstrate significant fluctuations. Cost efficiency shows a significant decline in the ratio of retained earnings to revenue throughout the period.  Investment efficiency shows a persistent decline in retained earnings on assets. Earnings per share exhibit considerable volatility, rising and falling through the period.  Significant fluctuations and instability are key takeaways from these financial results.