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 40.38 (%).Trend:Decrease 49.7% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 120.24 (%).Trend:Increase 197.77% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 58.43 (%).Trend:Decrease 51.41% than previous quarter

Overall: increasing (44.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.02 (%).Trend:Decrease 34.57% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 156.76 (%).Trend:Increase 213.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.82 (%).Trend:Decrease 51.63% than previous quarter

Overall: increasing (51.58%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.22 (%).Trend:Decrease 5.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.38 (%).Trend:Increase 27.49% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.06 (%).Trend:Decrease 5.95% than previous quarter

Overall: increasing (19.91%). 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
Earning Per Share
Year 2022 Quarter 3: Earning Per Share 5.26 (USD).Trend:Increase 25.84% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 83.65% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.17 (USD).Trend:Increase 152.33% than previous quarter

Overall: decreasing (-58.75%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 data reveals substantial volatility in working capital efficiency, with significant increases in liabilities and current assets on revenue, followed by sharp declines.  Cost efficiency, as measured by SG&A, shows moderate fluctuations, while investment efficiency, indicated by earnings per share, experienced a significant overall decline (-58.75%).