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 348.59 (%).Trend:Decrease 29.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 848.57 (%).Trend:Increase 143.43% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 54.01 (%).Trend:Decrease 93.64% than previous quarter

Overall: decreasing (-84.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 216.99 (%).Trend:Decrease 37.46% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 702.53 (%).Trend:Increase 223.76% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 80.11 (%).Trend:Decrease 88.6% than previous quarter

Overall: decreasing (-63.08%). 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 -865.59 (%).Trend:Decrease 35.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -2833.64 (%).Trend:Increase 227.37% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -334.88 (%).Trend:Decrease 88.18% than previous quarter

Overall: increasing (-61.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.57 (%).Trend:Increase 4.75% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 55.36 (%).Trend:Decrease 0.38% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.01 (%).Trend:Decrease 72.89% than previous quarter

Overall: decreasing (-72.99%). Fluctuation: **Significant** (high 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 -202.72 (%).Trend:Increase 5.64% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -202.08 (%).Trend:Decrease 0.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -208.95 (%).Trend:Increase 3.4% than previous quarter

Overall: decreasing (3.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.31 (USD).Trend:Increase 416.67% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 170.97% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 18.18% than previous quarter

Overall: increasing (-158.06%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2022 to Q2 2023 present a negative picture. Liabilities on revenue, current assets on revenue, and retained earnings on assets all exhibited high fluctuations with negative overall trends. SG&A expense ratio also significantly decreased, indicating possible cost-cutting efforts but potentially at the expense of operational capabilities. Earnings per share, however, demonstrate a substantial increase with large fluctuations. This suggests a period marked by significant instability and a lack of consistent financial performance.