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 27.97 (%).Trend:Decrease 44.49% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.72 (%).Trend:Increase 145.69% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 48.15 (%).Trend:Decrease 29.93% than previous quarter

Overall: increasing (72.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 56.54 (%).Trend:Decrease 39.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 141.84 (%).Trend:Increase 150.87% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 75.06 (%).Trend:Decrease 47.08% than previous quarter

Overall: increasing (32.76%). 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 38.68 (%).Trend:Decrease 34.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 101.99 (%).Trend:Increase 163.68% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 53.9 (%).Trend:Decrease 47.15% than previous quarter

Overall: increasing (39.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.59 (%).Trend:Decrease 12.79% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.18 (%).Trend:Decrease 25.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.4 (%).Trend:Increase 5.26% than previous quarter

Overall: decreasing (-21.29%). 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 20.15 (%).Trend:Increase 8.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.61 (%).Trend:Increase 2.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 19.92 (%).Trend:Decrease 3.35% than previous quarter

Overall: decreasing (-1.14%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2022 to Q2 2023 indicate significant fluctuations in working capital efficiency. Liabilities and current assets on revenue both increased, but exhibit sharp variations between quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, also shows substantial quarter-to-quarter changes. SG&A expense ratio trends downward, while investment efficiency displays little fluctuation with a slight downward trend.