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 25.73 (%).Trend:Decrease 37.81% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 88.31 (%).Trend:Increase 243.22% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.08 (%).Trend:Decrease 43.29% than previous quarter

Overall: increasing (94.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 50.67 (%).Trend:Decrease 40.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 159.41 (%).Trend:Increase 214.6% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 86.1 (%).Trend:Decrease 45.99% than previous quarter

Overall: increasing (69.92%). 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 67.63 (%).Trend:Decrease 34.35% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 167.23 (%).Trend:Increase 147.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 71.09 (%).Trend:Decrease 57.49% than previous quarter

Overall: increasing (5.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.74 (%).Trend:Increase 0.9% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 13.84 (%).Trend:Decrease 17.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 12.34 (%).Trend:Decrease 10.84% than previous quarter

Overall: decreasing (-26.28%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.6 (USD).Trend:Decrease 1.64% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.12 (USD).Trend:Decrease 80.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.47 (USD).Trend:Increase 291.67% than previous quarter

Overall: increasing (-21.67%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2022 to Q2 2023 data reveals significant fluctuations.  Liabilities on Revenue and Current Assets on Revenue show substantial overall increases despite quarter-to-quarter volatility.  Ratio of Retained Earnings to Revenue also increased, though modestly.  Conversely, Retained Earning on Assets decreased, indicating a potential concern. Earnings Per Share remained negative but demonstrated significant volatility.  The data covers three quarters.