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 49.93 (%).Trend:Decrease 29.84% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 159.53 (%).Trend:Increase 219.51% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 75.68 (%).Trend:Decrease 52.56% than previous quarter

Overall: increasing (51.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 77.91 (%).Trend:Decrease 35.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 227.6 (%).Trend:Increase 192.13% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 109.92 (%).Trend:Decrease 51.7% than previous quarter

Overall: increasing (41.09%). 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 -212.66 (%).Trend:Decrease 32.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -534.54 (%).Trend:Increase 151.36% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -246.05 (%).Trend:Decrease 53.97% than previous quarter

Overall: decreasing (15.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.9 (%).Trend:Decrease 3.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.19 (%).Trend:Increase 1.46% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.5 (%).Trend:Decrease 8.37% than previous quarter

Overall: decreasing (-7.04%). 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 -154.37 (%).Trend:Increase 5.34% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -141.99 (%).Trend:Decrease 8.02% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -140.23 (%).Trend:Decrease 1.24% than previous quarter

Overall: increasing (-9.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.45 (USD).Trend:Increase 114.29% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 60.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.28 (USD).Trend:Increase 55.56% than previous quarter

Overall: increasing (-37.78%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 reveals considerable volatility. Liabilities on revenue increased dramatically in Q1 2023 after a decrease in Q3 2022. Current assets on revenue also exhibited a significant increase in Q1 2023. The cost efficiency metric (SG&A expense ratio) remained relatively stable in Q1 and Q2 2023, with a slight decline observed overall.  The retained earnings-to-revenue ratio, earnings per share, and investment efficiency ratios continued to exhibit significant fluctuation.