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 23.15 (%).Trend:Decrease 53.68% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 168.98 (%).Trend:Increase 629.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 62.56 (%).Trend:Decrease 62.98% than previous quarter

Overall: increasing (170.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 47.72 (%).Trend:Decrease 47.72% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 257.26 (%).Trend:Increase 439.1% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 95.72 (%).Trend:Decrease 62.79% than previous quarter

Overall: increasing (100.59%). 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 -35.15 (%).Trend:Decrease 41.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -225.23 (%).Trend:Increase 540.77% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -54.48 (%).Trend:Decrease 75.81% than previous quarter

Overall: decreasing (54.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.8 (%).Trend:Decrease 1.58% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.04 (%).Trend:Increase 41.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.57 (%).Trend:Decrease 32.13% than previous quarter

Overall: decreasing (-3.87%). Fluctuation: **Neutral** (moderate 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 -36.84 (%).Trend:Increase 5.83% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -51.84 (%).Trend:Increase 40.72% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -37.81 (%).Trend:Decrease 27.06% than previous quarter

Overall: decreasing (2.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.07 (USD).Trend:Decrease 800.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.32 (USD).Trend:Decrease 557.14% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.29 (USD).Trend:Decrease 190.62% than previous quarter

Overall: increasing (314.29%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals considerable volatility.  Liabilities and current assets on revenue demonstrate increasing trends, yet with significant quarter-to-quarter fluctuations.  Cost efficiency, as measured by retained earnings to revenue and SG&A ratios, exhibits mostly negative trends with high variability.  Investment efficiency shows a similar pattern of volatility.  Earnings per share exhibit considerable fluctuation, with both positive and negative trends. The observed instability requires further investigation into underlying causes.