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 27.44 (%).Trend:Decrease 31.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 73.95 (%).Trend:Increase 169.5% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 38.02 (%).Trend:Decrease 48.59% than previous quarter

Overall: increasing (38.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 8.3 (%).Trend:Decrease 35.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 19.91 (%).Trend:Increase 139.88% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 10.34 (%).Trend:Decrease 48.07% than previous quarter

Overall: increasing (24.58%). 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 -22.14 (%).Trend:Decrease 31.62% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -51.05 (%).Trend:Increase 130.58% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -24.31 (%).Trend:Decrease 52.38% than previous quarter

Overall: decreasing (9.8%). 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 -22.84 (%).Trend:Increase 0.53% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -19.66 (%).Trend:Decrease 13.92% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -17.8 (%).Trend:Decrease 9.46% than previous quarter

Overall: increasing (-22.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.49 (USD).Trend:Increase 276.92% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.02 (USD).Trend:Increase 108.16% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.8 (USD).Trend:Increase 76.47% than previous quarter

Overall: increasing (267.35%). Fluctuation: **Significant** (high variation).



Working capital efficiency demonstrates significant fluctuations in both liabilities and current assets relative to revenue.  Liabilities increased drastically, then decreased, creating variability. Current assets also showed substantial fluctuations. Cost efficiency reveals a consistent downward trend in the ratio of retained earnings to revenue, though significant increases and decreases are observed. Investment efficiency displays a small, overall upward trend in retained earnings on assets, with minimal fluctuations. Earnings per share experienced a substantial increase, yet a significant drop in the final quarter, showcasing a high degree of volatility.