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 405.73 (%).Trend:Decrease 37.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 1391.97 (%).Trend:Increase 243.08% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 789.84 (%).Trend:Decrease 43.26% than previous quarter

Overall: increasing (94.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 2018.55 (%).Trend:Decrease 43.25% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 4405.32 (%).Trend:Increase 118.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 2871.78 (%).Trend:Decrease 34.81% than previous quarter

Overall: increasing (42.27%). 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 -4289.05 (%).Trend:Decrease 30.08% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -9678.84 (%).Trend:Increase 125.66% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -5557.64 (%).Trend:Decrease 42.58% than previous quarter

Overall: decreasing (29.58%). 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 -181.75 (%).Trend:Increase 21.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -188.49 (%).Trend:Increase 3.71% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -170.27 (%).Trend:Decrease 9.67% than previous quarter

Overall: increasing (-6.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -0.83 (USD).Trend:Increase 43.1% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 67.47% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.49 (USD).Trend:Increase 81.48% than previous quarter

Overall: increasing (-40.96%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 indicates significant quarter-to-quarter variations. Working capital efficiency, measured by liabilities and current assets on revenue, shows increases with substantial fluctuations. Cost efficiency, measured by the retained earnings to revenue ratio, displays a decreasing trend but with considerable fluctuation. Investment efficiency, indicated by retained earnings on assets, shows increasing trend with significant volatility. Earning per share also shows an increasing trend with significant quarter-to-quarter fluctuations.