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 17.16 (%).Trend:Decrease 39.0% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.44 (%).Trend:Increase 234.73% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 37.23 (%).Trend:Decrease 35.18% than previous quarter

Overall: increasing (116.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 28.99 (%).Trend:Decrease 40.34% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 75.78 (%).Trend:Increase 161.4% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 29.13 (%).Trend:Decrease 61.56% than previous quarter

Overall: increasing (0.48%). 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 83.47 (%).Trend:Decrease 30.32% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 262.59 (%).Trend:Increase 214.59% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 134.93 (%).Trend:Decrease 48.62% than previous quarter

Overall: increasing (61.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.79 (%).Trend:Decrease 2.11% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.49 (%).Trend:Increase 12.85% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.63 (%).Trend:Decrease 2.65% than previous quarter

Overall: increasing (9.86%). 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 32.62 (%).Trend:Increase 5.77% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 33.03 (%).Trend:Increase 1.26% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 30.74 (%).Trend:Decrease 6.93% than previous quarter

Overall: decreasing (-5.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.76 (USD).Trend:Increase 64.91% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 73.4% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: decreasing (-73.4%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2023, then decreased in Q2 2023, before increasing again overall.  Current assets on revenue also displayed significant variation, increasing sharply in Q1 2023 and decreasing substantially in subsequent quarters, resulting in a net increase overall.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a notable increase overall, with significant fluctuations.  SG&A expense ratio shows a moderate increase overall with limited fluctuations.  Investment efficiency (retained earnings on assets) decreased slightly overall with minor fluctuations. Earning per share decreased significantly in Q1 2023, then showed a slight increase to Q2 and Q3, overall showing a decrease.