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 16.62 (%).Trend:Decrease 35.33% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 44.81 (%).Trend:Increase 169.61% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 21.41 (%).Trend:Decrease 52.22% than previous quarter

Overall: increasing (28.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 72.01 (%).Trend:Decrease 35.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 197.05 (%).Trend:Increase 173.64% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 98.41 (%).Trend:Decrease 50.06% than previous quarter

Overall: increasing (36.66%). 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 123.82 (%).Trend:Decrease 34.3% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 345.8 (%).Trend:Increase 179.28% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 173.89 (%).Trend:Decrease 49.71% than previous quarter

Overall: increasing (40.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.43 (%).Trend:Increase 0.67% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.66 (%).Trend:Decrease 3.43% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.09 (%).Trend:Increase 1.99% than previous quarter

Overall: decreasing (-1.52%). Fluctuation: **Little** (low 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 76.24 (%).Trend:Increase 0.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 76.45 (%).Trend:Increase 0.28% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 76.84 (%).Trend:Increase 0.51% than previous quarter

Overall: increasing (0.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 7.67 (USD).Trend:Increase 0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.4 (USD).Trend:Decrease 55.67% than previous quarter
Year 2023 Quarter 2: Earning Per Share 5.19 (USD).Trend:Increase 52.65% than previous quarter

Overall: decreasing (-32.33%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2022 to Q2 2023 shows significant volatility in working capital efficiency, where liabilities and current assets on revenue fluctuate substantially. Cost efficiency also exhibits high variability, particularly the ratio of retained earnings to revenue. Conversely, the SG&A expense ratio shows less fluctuation, trending downward. Investment efficiency demonstrates a negligible change. Earning per share experiences a considerable drop followed by a substantial recovery, reflecting marked instability in earnings. Detailed investigation of these patterns is crucial for understanding the underlying causes of these financial fluctuations.