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 18.45 (%).Trend:Decrease 40.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 52.28 (%).Trend:Increase 183.36% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 24.98 (%).Trend:Decrease 52.22% than previous quarter

Overall: increasing (35.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 85.31 (%).Trend:Decrease 32.87% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 250.93 (%).Trend:Increase 194.14% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 122.78 (%).Trend:Decrease 51.07% than previous quarter

Overall: increasing (43.92%). 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 137.95 (%).Trend:Decrease 32.1% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 449.03 (%).Trend:Increase 225.5% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 234.44 (%).Trend:Decrease 47.79% than previous quarter

Overall: increasing (69.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.01 (%).Trend:Decrease 3.3% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.64 (%).Trend:Increase 11.95% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.38 (%).Trend:Decrease 9.17% than previous quarter

Overall: increasing (1.68%). 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 63.42 (%).Trend:Increase 1.86% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 67.94 (%).Trend:Increase 7.13% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 70.95 (%).Trend:Increase 4.43% than previous quarter

Overall: increasing (11.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.62 (USD).Trend:Increase 43.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 107.25% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.77 (USD).Trend:Decrease 505.26% than previous quarter

Overall: decreasing (-70.61%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 show a mixed picture of financial performance. Working capital efficiency metrics, including liabilities and current assets on revenue, demonstrate substantial fluctuations.  Cost efficiency shows a moderate upward trend in the SG&A expense ratio, but with large variations in the ratio of retained earnings to revenue. Investment efficiency shows a steady increase in retained earnings on assets, a positive indicator.  However, earning per share shows extreme volatility and a substantial decrease followed by an increase.  The period is marked by considerable volatility in several key financial performance indicators.