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 63.22 (%).Trend:Decrease 31.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 194.97 (%).Trend:Increase 208.4% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 120.48 (%).Trend:Decrease 38.21% than previous quarter

Overall: increasing (90.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 109.8 (%).Trend:Decrease 30.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 353.36 (%).Trend:Increase 221.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 176.53 (%).Trend:Decrease 50.04% than previous quarter

Overall: increasing (60.77%). 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 6.29 (%).Trend:Decrease 166.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -11.8 (%).Trend:Decrease 287.6% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -1.2 (%).Trend:Decrease 89.83% than previous quarter

Overall: decreasing (-119.08%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 0.58 (%).Trend:Decrease 200.0% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -0.35 (%).Trend:Decrease 160.34% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -0.07 (%).Trend:Decrease 80.0% than previous quarter

Overall: decreasing (-112.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.52 (USD).Trend:Decrease 208.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.12 (USD).Trend:Decrease 315.38% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.86 (USD).Trend:Decrease 23.21% than previous quarter

Overall: decreasing (-265.38%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 reveal significant volatility. Liabilities on revenue increased in Q1 2023 then decreased in Q2 2023, while current assets followed a similar pattern of increase and decrease. Cost efficiency reveals a steep decline in the ratio of retained earnings to revenue, with substantial negative values throughout the period. Investment efficiency showed a similar downward trend, as did earning per share values. Overall, the company experienced substantial fluctuations and negative trends across many key financial metrics.