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 19.04 (%).Trend:Decrease 33.75% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 62.06 (%).Trend:Increase 225.95% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 36.15 (%).Trend:Decrease 41.75% than previous quarter

Overall: increasing (89.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 48.19 (%).Trend:Decrease 28.02% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 194.3 (%).Trend:Increase 303.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 91.79 (%).Trend:Decrease 52.76% than previous quarter

Overall: increasing (90.48%). 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 24.05 (%).Trend:Decrease 25.66% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 62.4 (%).Trend:Increase 159.46% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 25.15 (%).Trend:Decrease 59.7% than previous quarter

Overall: increasing (4.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.21 (%).Trend:Increase 13.27% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.95 (%).Trend:Decrease 2.13% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.4 (%).Trend:Decrease 12.97% than previous quarter

Overall: decreasing (-14.82%). 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 15.17 (%).Trend:Decrease 0.98% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.46 (%).Trend:Decrease 17.86% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 10.76 (%).Trend:Decrease 13.64% than previous quarter

Overall: decreasing (-29.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.52 (USD).Trend:Increase 79.31% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 98.08% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.55 (USD).Trend:Increase 5400.0% than previous quarter

Overall: decreasing (5.77%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 indicate significant volatility in working capital efficiency, with liabilities on revenue increasing substantially from Q3 to Q1 2023, then decreasing in Q2 2023.  Current assets on revenue also fluctuate greatly.  Cost efficiency exhibits large variation in the retained earnings to revenue ratio.  The SG&A expense ratio displays a slight, steady decrease. Invest efficiency demonstrates a moderate decrease in retained earnings on assets. Earning per share, consistently negative, shows dramatic fluctuations.