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 24.79 (%).Trend:Decrease 21.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.99 (%).Trend:Increase 267.04% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 45.71 (%).Trend:Decrease 49.76% than previous quarter

Overall: increasing (84.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 62.14 (%).Trend:Decrease 29.88% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 204.46 (%).Trend:Increase 229.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 103.27 (%).Trend:Decrease 49.49% than previous quarter

Overall: increasing (66.19%). 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 116.37 (%).Trend:Decrease 31.26% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 367.87 (%).Trend:Increase 216.12% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 182.15 (%).Trend:Decrease 50.49% than previous quarter

Overall: increasing (56.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.51 (%).Trend:Decrease 0.58% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.01 (%).Trend:Increase 16.36% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.45 (%).Trend:Decrease 4.87% than previous quarter

Overall: increasing (10.69%). 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 105.32 (%).Trend:Decrease 0.57% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 104.06 (%).Trend:Decrease 1.2% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 103.18 (%).Trend:Decrease 0.85% than previous quarter

Overall: decreasing (-2.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.83 (USD).Trend:Increase 38.77% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 73.89% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-47.78%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals significant volatility in working capital. Liabilities on revenue, while initially declining, later increased substantially, exhibiting high variation. Current assets on revenue also increased with significant fluctuation. Cost efficiency shows substantial variation in the Ratio of Retained Earnings to Revenue, with an overall increase, although fluctuations remain.  The SG&A Expense Ratio had a slight increase overall, with little variation. Investment efficiency shows a modest decline, while earnings per share also experienced a notable decrease, with significant fluctuation.