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 28.3 (%).Trend:Decrease 33.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 131.65 (%).Trend:Increase 365.19% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.19 (%).Trend:Decrease 53.52% than previous quarter

Overall: increasing (116.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.32 (%).Trend:Decrease 28.15% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 291.69 (%).Trend:Increase 241.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 146.28 (%).Trend:Decrease 49.85% than previous quarter

Overall: increasing (71.45%). 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 60.43 (%).Trend:Decrease 29.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 246.27 (%).Trend:Increase 307.53% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 133.27 (%).Trend:Decrease 45.88% than previous quarter

Overall: increasing (120.54%). 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 33.87 (%).Trend:Increase 5.98% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 39.32 (%).Trend:Increase 16.09% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 42.33 (%).Trend:Increase 7.66% than previous quarter

Overall: increasing (24.98%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.99 (USD).Trend:Increase 31.72% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.07 (USD).Trend:Decrease 64.21% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.4 (USD).Trend:Increase 124.3% than previous quarter

Overall: decreasing (-19.73%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals significant fluctuation in key performance indicators. Liabilities on revenue increased by 116.22%, yet with extreme quarterly swings. Current assets on revenue also increased by 71.45%, exhibiting high variability.  Cost efficiency, as measured by the ratio of retained earnings to revenue, increased by 120.54%, but again, with considerable fluctuation.  Investment efficiency saw a moderate increase of 24.98% in retained earnings on assets with neutral variation. Earnings per share showed a decrease of 19.73%, with notable quarterly changes. The analysis suggests highly volatile financial performance in these areas.