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 123.98 (%).Trend:Decrease 38.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 285.08 (%).Trend:Increase 129.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 155.2 (%).Trend:Decrease 45.56% than previous quarter

Overall: increasing (25.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 121.21 (%).Trend:Decrease 38.68% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 344.21 (%).Trend:Increase 183.98% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 191.68 (%).Trend:Decrease 44.31% than previous quarter

Overall: increasing (58.14%). 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 -82.0 (%).Trend:Decrease 38.1% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -206.38 (%).Trend:Increase 151.68% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -101.94 (%).Trend:Decrease 50.61% than previous quarter

Overall: decreasing (24.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.13 (%).Trend:Decrease 13.14% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.46 (%).Trend:Decrease 9.15% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.45 (%).Trend:Decrease 11.0% than previous quarter

Overall: decreasing (-19.14%). 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 -22.83 (%).Trend:Increase 3.54% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -24.6 (%).Trend:Increase 7.75% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -23.54 (%).Trend:Decrease 4.31% than previous quarter

Overall: decreasing (3.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.52 (USD).Trend:Decrease 3.7% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.51 (USD).Trend:Decrease 1.92% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.13 (USD).Trend:Decrease 74.51% than previous quarter

Overall: increasing (-75.0%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023, liabilities and current assets on revenue increased (25.18% and 58.14% respectively), exhibiting significant fluctuations. The ratio of retained earnings to revenue decreased (-24.32%), also displaying significant variability. The SG&A expense ratio showed a moderate, consistent decrease (-19.14%). Retained earnings on assets decreased (-3.11%), and earnings per share increased (-75.0%), both with significant fluctuation. Data encompasses three quarters.