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 25.54 (%).Trend:Decrease 24.55% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 74.44 (%).Trend:Increase 191.46% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.55 (%).Trend:Decrease 48.21% than previous quarter

Overall: increasing (50.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 183.65 (%).Trend:Decrease 49.79% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 339.81 (%).Trend:Increase 85.03% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 120.59 (%).Trend:Decrease 64.51% than previous quarter

Overall: decreasing (-34.34%). 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 -12.89 (%).Trend:Decrease 84.21% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -36.44 (%).Trend:Increase 182.7% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -11.81 (%).Trend:Decrease 67.59% than previous quarter

Overall: increasing (-8.38%). 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 -3.02 (%).Trend:Decrease 75.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -2.89 (%).Trend:Decrease 4.3% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -2.22 (%).Trend:Decrease 23.18% than previous quarter

Overall: increasing (-26.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.07 (USD).Trend:Increase 1970.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 99.03% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.22 (USD).Trend:Increase 1000.0% than previous quarter

Overall: decreasing (-89.37%). Fluctuation: **Significant** (high variation).



Financial review of Q3 2022 to Q2 2023 reveals significant volatility in financial metrics. Liabilities on revenue increased overall, despite significant quarter-to-quarter swings, while current assets on revenue showed a substantial decrease.  Cost efficiency, as measured by the retained earnings to revenue ratio, increased slightly, yet quarter-to-quarter fluctuations were significant.  Investment efficiency decreased slightly but again demonstrates high volatility, suggesting an unstable financial position. Finally, earnings per share decreased overall.  Further analysis is recommended to determine the root cause for these fluctuations.