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 43.73 (%).Trend:Decrease 23.52% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.62 (%).Trend:Increase 196.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 61.58 (%).Trend:Decrease 52.49% than previous quarter

Overall: increasing (40.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 89.96 (%).Trend:Decrease 35.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 219.25 (%).Trend:Increase 143.72% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 87.86 (%).Trend:Decrease 59.93% than previous quarter

Overall: decreasing (-2.33%). 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 -205.6 (%).Trend:Decrease 28.45% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -728.42 (%).Trend:Increase 254.29% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -394.11 (%).Trend:Decrease 45.9% than previous quarter

Overall: decreasing (91.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.13 (%).Trend:Decrease 0.45% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.13 (%).Trend:Increase 6.04% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.53 (%).Trend:Decrease 1.71% than previous quarter

Overall: increasing (4.23%). Fluctuation: **Little** (low 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 -143.84 (%).Trend:Increase 7.79% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -201.98 (%).Trend:Increase 40.42% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -234.34 (%).Trend:Increase 16.02% than previous quarter

Overall: decreasing (62.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.66 (USD).Trend:Increase 41.88% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.23 (USD).Trend:Increase 48.19% than previous quarter

Overall: increasing (-25.9%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 demonstrates significant fluctuations. Liabilities on revenue display an initial decrease then a dramatic increase, followed by another decrease. Current assets on revenue also fluctuate erratically, with significant decreases. Cost efficiency shows a steep decline in the retained earnings-to-revenue ratio. The SG&A expense ratio reveals a relatively stable and positive upward trend. Investment efficiency shows a consistent decline in retained earnings on assets. Earnings per share also show fluctuating downward trends. This significant volatility necessitates immediate investigation to understand the underlying factors.