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 21.9 (%).Trend:Decrease 54.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 74.62 (%).Trend:Increase 240.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 34.86 (%).Trend:Decrease 53.28% than previous quarter

Overall: increasing (59.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 22.4 (%).Trend:Decrease 39.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 61.26 (%).Trend:Increase 173.48% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 31.63 (%).Trend:Decrease 48.37% than previous quarter

Overall: increasing (41.21%). 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 1.32 (%).Trend:Decrease 104.01% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 15.9 (%).Trend:Increase 1104.55% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 11.98 (%).Trend:Decrease 24.65% than previous quarter

Overall: increasing (807.58%). 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 0.7 (%).Trend:Decrease 105.92% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 2.23 (%).Trend:Increase 218.57% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 3.35 (%).Trend:Increase 50.22% than previous quarter

Overall: increasing (378.57%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.25 (USD).Trend:Decrease 1423.53% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 103.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.26 (USD).Trend:Decrease 425.0% than previous quarter

Overall: decreasing (-88.44%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 financial statements reveals extreme volatility.  Liabilities and current assets on revenue are both increasing, but with significant fluctuations.  Cost efficiency, reflected by the ratio of retained earnings to revenue, exhibits a substantial increase but with high volatility.  Investment efficiency, as measured by retained earnings on assets, also has substantial fluctuations. Earnings per share show a fluctuating trend, with sharp decreases and increases, emphasizing instability.