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 19.62 (%).Trend:Decrease 44.45% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 67.4 (%).Trend:Increase 243.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.97 (%).Trend:Decrease 54.05% than previous quarter

Overall: increasing (57.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 62.07 (%).Trend:Decrease 38.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 240.98 (%).Trend:Increase 288.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 107.63 (%).Trend:Decrease 55.34% than previous quarter

Overall: increasing (73.4%). 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 29.32 (%).Trend:Decrease 33.53% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 117.98 (%).Trend:Increase 302.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 51.2 (%).Trend:Decrease 56.6% than previous quarter

Overall: increasing (74.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.73 (%).Trend:Decrease 4.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.29 (%).Trend:Increase 31.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.96 (%).Trend:Decrease 15.87% than previous quarter

Overall: increasing (10.76%). Fluctuation: **Neutral** (moderate 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 23.05 (%).Trend:Increase 8.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.93 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.48 (%).Trend:Increase 2.4% than previous quarter

Overall: increasing (1.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.89 (USD).Trend:Increase 96.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 105.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.76 (USD).Trend:Decrease 575.0% than previous quarter

Overall: decreasing (-73.7%). Fluctuation: **Significant** (high variation).



Significant fluctuations are evident in working capital efficiency metrics. Liabilities on revenue decreased sharply in Q3 2022, then experienced a substantial increase in Q1 2023 followed by a decrease in Q2 2023. Current assets on revenue similarly demonstrate volatile trends, with large increases and decreases across the quarters. Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits significant fluctuations.  SG&A expense ratio shows a more moderate trend. Investment efficiency, as measured by retained earnings on assets, shows the least amount of fluctuation. Earnings per share, however, show a clear negative trend.