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 29.14 (%).Trend:Decrease 27.31% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 107.72 (%).Trend:Increase 269.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.4 (%).Trend:Decrease 53.21% than previous quarter

Overall: increasing (72.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 66.3 (%).Trend:Decrease 37.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 248.81 (%).Trend:Increase 275.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 108.42 (%).Trend:Decrease 56.42% than previous quarter

Overall: increasing (63.53%). 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 119.77 (%).Trend:Decrease 25.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 511.51 (%).Trend:Increase 327.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 276.73 (%).Trend:Decrease 45.9% than previous quarter

Overall: increasing (131.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.04 (%).Trend:Increase 2.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.49 (%).Trend:Decrease 4.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.79 (%).Trend:Increase 2.4% than previous quarter

Overall: decreasing (-1.92%). 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 44.55 (%).Trend:Increase 7.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 48.7 (%).Trend:Increase 9.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 50.8 (%).Trend:Increase 4.31% than previous quarter

Overall: increasing (14.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.97 (USD).Trend:Increase 43.8% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.67 (USD).Trend:Decrease 65.99% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.28 (USD).Trend:Increase 91.04% than previous quarter

Overall: decreasing (-35.03%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 reveals significant volatility across key metrics.  Liabilities and current assets on revenue fluctuate considerably, increasing dramatically in Q1 2023 before decreasing.  The ratio of retained earnings to revenue shows a large increase in Q1 2023 followed by decreases, showcasing significant variation.  Selling, general, and administrative (SG&A) expenses display minor fluctuation. Retained earnings on assets show a steady increase with minor fluctuation. Earning per share has substantial fluctuations.