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 33.03 (%).Trend:Decrease 37.13% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 130.45 (%).Trend:Increase 294.94% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 79.85 (%).Trend:Decrease 38.79% than previous quarter

Overall: increasing (141.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 69.57 (%).Trend:Decrease 34.22% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 221.95 (%).Trend:Increase 219.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.64 (%).Trend:Decrease 48.8% than previous quarter

Overall: increasing (63.35%). 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 124.84 (%).Trend:Decrease 45.58% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 382.21 (%).Trend:Increase 206.16% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 189.13 (%).Trend:Decrease 50.52% than previous quarter

Overall: increasing (51.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.5 (%).Trend:Decrease 2.61% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.68 (%).Trend:Increase 4.45% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.13 (%).Trend:Decrease 1.99% than previous quarter

Overall: increasing (2.38%). 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 50.12 (%).Trend:Decrease 6.7% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 49.3 (%).Trend:Decrease 1.64% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 48.97 (%).Trend:Decrease 0.67% than previous quarter

Overall: decreasing (-2.29%). Fluctuation: **Little** (low variation).

Earning Per Share


Analyzing Q3 2022 to Q2 2023, liabilities and current assets on revenue increased significantly (141.75% and 63.35%, respectively), exhibiting high variation.  The ratio of retained earnings to revenue also increased substantially (51.5%), displaying significant fluctuation.  The SG&A expense ratio increased slightly (2.38%), while retained earnings on assets decreased slightly (-2.29%), indicating low variation.