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 22.19 (%).Trend:Decrease 29.31% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 52.59 (%).Trend:Increase 137.0% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 27.81 (%).Trend:Decrease 47.12% than previous quarter

Overall: increasing (25.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 96.45 (%).Trend:Decrease 31.22% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 250.6 (%).Trend:Increase 159.82% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 131.35 (%).Trend:Decrease 47.59% than previous quarter

Overall: increasing (36.18%). 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 60.73 (%).Trend:Decrease 30.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 156.98 (%).Trend:Increase 158.49% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 77.66 (%).Trend:Decrease 50.53% than previous quarter

Overall: increasing (27.88%). 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 29.79 (%).Trend:Increase 0.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.59 (%).Trend:Decrease 0.67% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 28.58 (%).Trend:Decrease 3.41% than previous quarter

Overall: decreasing (-4.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 0.76 (USD).Trend:Increase 40.74% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 60.53% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.18 (USD).Trend:Decrease 40.0% than previous quarter

Overall: decreasing (-76.32%). Fluctuation: **Significant** (high variation).



The financial data exhibits considerable volatility across several key performance indicators.  While liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue show overall growth, the quarter-to-quarter changes are dramatic.  Conversely, retained earnings on assets declined, suggesting a potential area of concern. The sharp decrease in earnings per share is a significant red flag.