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 35.75 (%).Trend:Decrease 43.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 153.17 (%).Trend:Increase 328.45% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 100.07 (%).Trend:Decrease 34.67% than previous quarter

Overall: increasing (179.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 51.02 (%).Trend:Decrease 44.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 203.91 (%).Trend:Increase 299.67% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 106.48 (%).Trend:Decrease 47.78% than previous quarter

Overall: increasing (108.7%). 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 6.75 (%).Trend:Decrease 37.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 8.35 (%).Trend:Increase 23.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -2.25 (%).Trend:Decrease 126.95% than previous quarter

Overall: decreasing (-133.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.37 (%).Trend:Decrease 3.34% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.08 (%).Trend:Increase 29.74% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.05 (%).Trend:Decrease 11.81% than previous quarter

Overall: increasing (14.43%). Fluctuation: **Neutral** (moderate 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 4.5 (%).Trend:Increase 6.64% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 1.43 (%).Trend:Decrease 68.22% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.87 (%).Trend:Decrease 160.84% than previous quarter

Overall: decreasing (-119.33%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2022 to Q2 2023 financial data reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue show overall increases but with high variability.  Cost efficiency is concerning, with the ratio of retained earnings to revenue decreasing significantly (-133.33%), while SG&A expense ratio shows a moderate increase. Investment efficiency is also weak, exhibiting a substantial decrease in retained earnings on assets (-119.33%).