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 30.74 (%).Trend:Decrease 51.02% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 79.12 (%).Trend:Increase 157.38% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 46.41 (%).Trend:Decrease 41.34% than previous quarter

Overall: increasing (50.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 35.01 (%).Trend:Decrease 46.14% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 94.33 (%).Trend:Increase 169.44% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 52.36 (%).Trend:Decrease 44.49% than previous quarter

Overall: increasing (49.56%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.52 (%).Trend:Decrease 2.18% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.69 (%).Trend:Increase 13.73% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.43 (%).Trend:Decrease 13.0% than previous quarter

Overall: decreasing (-1.06%). 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
Earning Per Share


Financial data for Q3 2022 to Q2 2023 reveals increasing trends in working capital metrics. Liabilities on revenue and current assets on revenue are increasing with significant quarterly variation.  Cost efficiency, as measured by the SG&A expense ratio, decreased slightly.  Investment efficiency data is missing. This analysis shows working capital growth with volatility, while cost is relatively stable, but needs further investigation.