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 16.48 (%).Trend:Decrease 39.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 56.07 (%).Trend:Increase 240.23% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 26.89 (%).Trend:Decrease 52.04% than previous quarter

Overall: increasing (63.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 33.57 (%).Trend:Decrease 39.94% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 117.16 (%).Trend:Increase 249.0% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 59.44 (%).Trend:Decrease 49.27% than previous quarter

Overall: increasing (77.06%). 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 141.74 (%).Trend:Decrease 30.47% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 458.18 (%).Trend:Increase 223.25% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 233.16 (%).Trend:Decrease 49.11% than previous quarter

Overall: increasing (64.5%). 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 31.76 (%).Trend:Increase 4.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.47 (%).Trend:Increase 8.53% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 35.9 (%).Trend:Increase 4.15% than previous quarter

Overall: increasing (13.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 3.05 (USD).Trend:Increase 48.78% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.1 (USD).Trend:Decrease 63.93% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 92.73% than previous quarter

Overall: decreasing (-30.49%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 - Q2 2023 data reveals significant volatility in key financial metrics.  Working capital efficiency, as reflected in liabilities and current assets relative to revenue, experienced substantial increases overall, yet significant quarter-to-quarter fluctuations were observed.  Similarly, cost efficiency, as measured by the retained earnings to revenue ratio, shows an overall increase,  but with marked volatility.  Retained earnings on assets demonstrated a slight, consistent upward trend.  Conversely, earnings per share decreased overall, alongside substantial fluctuations.  The data suggests a need for further investigation into the causes of this volatility.