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 20.69 (%).Trend:Decrease 41.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.84 (%).Trend:Increase 232.72% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 39.53 (%).Trend:Decrease 42.58% than previous quarter

Overall: increasing (91.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.34 (%).Trend:Decrease 40.2% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 123.94 (%).Trend:Increase 250.71% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 66.63 (%).Trend:Decrease 46.24% than previous quarter

Overall: increasing (88.54%). 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 -9.43 (%).Trend:Decrease 24.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -52.34 (%).Trend:Increase 455.04% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -28.68 (%).Trend:Decrease 45.2% than previous quarter

Overall: decreasing (204.14%). 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 -6.95 (%).Trend:Increase 17.6% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -10.87 (%).Trend:Increase 56.4% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -11.57 (%).Trend:Increase 6.44% than previous quarter

Overall: decreasing (66.47%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.15 (USD).Trend:Increase 36.36% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.06 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-60.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2022 to Q2 2023 reveal significant volatility in key financial indicators. Liabilities and current assets on revenue show substantial increases and decreases over the three quarters, indicating a highly unstable working capital position. Cost efficiency, assessed by the ratio of retained earnings to revenue, demonstrates significant decreases and increases, suggesting unstable cost structures. Investment efficiency metrics also indicate substantial volatility and declining trends, along with earnings per share exhibiting significant fluctuation. Overall, the company's financial health appears unstable in the period observed.