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 19.35 (%).Trend:Decrease 60.98% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.2 (%).Trend:Increase 195.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.48 (%).Trend:Decrease 46.71% than previous quarter

Overall: increasing (57.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 138.11 (%).Trend:Decrease 40.09% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 135.61 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 74.93 (%).Trend:Decrease 44.75% than previous quarter

Overall: decreasing (-45.75%). 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 37.75 (%).Trend:Decrease 34.12% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 78.97 (%).Trend:Increase 109.19% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 36.85 (%).Trend:Decrease 53.34% than previous quarter

Overall: decreasing (-2.38%). 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 6.74 (%).Trend:Decrease 0.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 5.3 (%).Trend:Decrease 21.36% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.94 (%).Trend:Decrease 6.79% than previous quarter

Overall: decreasing (-26.71%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.14 (USD).Trend:Increase 75.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Increase 14.29% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.29 (USD).Trend:Increase 81.25% than previous quarter

Overall: decreasing (107.14%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 indicate significant volatility across key metrics. Liabilities on revenue show a large drop, then a sharp rise, and subsequent decrease. Current assets on revenue consistently decline.  Cost efficiency, measured by the ratio of retained earnings to revenue, displays a negative overall trend with substantial variation. Investment efficiency exhibits a steady decrease in retained earnings on assets. Earnings per share remain negative and fluctuating.  Overall, the financial performance reveals significant volatility and potentially indicates operational challenges.