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 145.22 (%).Trend:Decrease 36.32% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 475.76 (%).Trend:Increase 227.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 87.3 (%).Trend:Decrease 81.65% than previous quarter

Overall: decreasing (-39.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 132.8 (%).Trend:Decrease 31.48% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 574.48 (%).Trend:Increase 332.59% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 146.39 (%).Trend:Decrease 74.52% than previous quarter

Overall: increasing (10.23%). 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 91.17 (%).Trend:Decrease 35.23% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 324.0 (%).Trend:Increase 255.38% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 171.9 (%).Trend:Decrease 46.94% than previous quarter

Overall: increasing (88.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 60.66 (%).Trend:Increase 2.48% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 55.67 (%).Trend:Decrease 8.23% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 59.58 (%).Trend:Increase 7.02% than previous quarter

Overall: decreasing (-1.78%). 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 26.92 (%).Trend:Increase 0.49% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 27.8 (%).Trend:Increase 3.27% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 38.46 (%).Trend:Increase 38.35% than previous quarter

Overall: increasing (42.87%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.66 (USD).Trend:Increase 4.76% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.31 (USD).Trend:Decrease 53.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.3 (USD).Trend:Decrease 3.23% than previous quarter

Overall: decreasing (-54.55%). Fluctuation: **Significant** (high variation).



The period Q3 2022 to Q2 2023 shows significant fluctuations in key metrics. Liabilities on revenue decreased overall (-39.88%), while current assets showed a small overall increase (10.23%), both exhibiting substantial volatility. Cost efficiency improved markedly, with a large increase in retained earnings to revenue (88.55%).  SG&A expenses saw only a minor decrease (-1.78%), yet retained earnings on assets grew substantially (42.87%).  However, earnings per share decreased sharply (-54.55%).