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 20.07 (%).Trend:Decrease 28.37% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 66.99 (%).Trend:Increase 233.78% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 32.37 (%).Trend:Decrease 51.68% than previous quarter

Overall: increasing (61.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.8 (%).Trend:Decrease 29.17% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 152.73 (%).Trend:Increase 200.65% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 69.02 (%).Trend:Decrease 54.81% than previous quarter

Overall: increasing (35.87%). 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 13.75 (%).Trend:Decrease 26.74% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 36.47 (%).Trend:Increase 165.24% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 17.78 (%).Trend:Decrease 51.25% than previous quarter

Overall: increasing (29.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.63 (%).Trend:Decrease 0.88% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.85 (%).Trend:Increase 12.85% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.38 (%).Trend:Decrease 1.03% than previous quarter

Overall: increasing (11.69%). 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 5.9 (%).Trend:Increase 8.86% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.79 (%).Trend:Decrease 18.81% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 4.85 (%).Trend:Increase 1.25% than previous quarter

Overall: decreasing (-17.8%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q3 2022 to Q2 2023 shows a mixed picture. Working capital efficiency exhibits significant increases in liabilities and current assets on revenue, marked by considerable fluctuations. Cost efficiency reveals a significant increase in the retained earnings-to-revenue ratio after a previous decline.  The SG&A expense ratio shows a slight upward trend with minimal fluctuation. Investment efficiency demonstrates a slight overall decrease in retained earnings on assets.