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 22.8 (%).Trend:Decrease 17.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 45.07 (%).Trend:Increase 97.68% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 23.56 (%).Trend:Decrease 47.73% than previous quarter

Overall: increasing (3.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 74.65 (%).Trend:Decrease 17.65% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 183.04 (%).Trend:Increase 145.2% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 93.18 (%).Trend:Decrease 49.09% than previous quarter

Overall: increasing (24.82%). 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 56.21 (%).Trend:Decrease 38.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 169.06 (%).Trend:Increase 200.76% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 88.16 (%).Trend:Decrease 47.85% than previous quarter

Overall: increasing (56.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.13 (%).Trend:Increase 1.44% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.64 (%).Trend:Increase 5.59% than previous quarter

Overall: increasing (7.11%). 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 21.73 (%).Trend:Decrease 8.39% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 23.06 (%).Trend:Increase 6.12% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.27 (%).Trend:Increase 0.91% than previous quarter

Overall: increasing (7.09%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q3 2022 to Q2 2023 reveals substantial volatility in working capital efficiency.  Liabilities and current assets on revenue fluctuate widely, indicating potential instability.  Significant variation is also present in the ratio of retained earnings to revenue, a key cost efficiency indicator.  SG&A expense ratio displays relatively stable low-variation trends. Retained earnings on assets show slight fluctuations, suggesting consistency in investment efficiency.