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 32.63 (%).Trend:Decrease 31.78% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 99.23 (%).Trend:Increase 204.11% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.68 (%).Trend:Decrease 50.94% than previous quarter

Overall: increasing (49.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 55.99 (%).Trend:Decrease 34.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 158.06 (%).Trend:Increase 182.3% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 79.03 (%).Trend:Decrease 50.0% than previous quarter

Overall: increasing (41.15%). 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 61.91 (%).Trend:Decrease 32.54% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 182.58 (%).Trend:Increase 194.91% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 89.61 (%).Trend:Decrease 50.92% than previous quarter

Overall: increasing (44.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.08 (%).Trend:Decrease 1.56% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.19 (%).Trend:Decrease 8.83% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.26 (%).Trend:Increase 0.76% than previous quarter

Overall: decreasing (-8.13%). 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 45.03 (%).Trend:Increase 3.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 44.59 (%).Trend:Decrease 0.98% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 45.02 (%).Trend:Increase 0.96% than previous quarter

Overall: decreasing (-0.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.92 (USD).Trend:Increase 66.86% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 68.15% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.81 (USD).Trend:Increase 94.62% than previous quarter

Overall: decreasing (-38.01%). Fluctuation: **Significant** (high variation).



From Q3 2022 to Q2 2023, working capital efficiency metrics (liabilities, current assets, retained earnings/revenue) showed overall increases but with significant fluctuations.  Cost efficiency, as represented by SG&A, slightly decreased. Investment efficiency (retained earnings on assets) showed little change.  Earnings per share, however, decreased significantly, indicating a need for further analysis of profitability in relation to working capital.