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 38.06 (%).Trend:Decrease 26.31% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 134.98 (%).Trend:Increase 254.65% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 69.44 (%).Trend:Decrease 48.56% than previous quarter

Overall: increasing (82.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 180.1 (%).Trend:Increase 102.93% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 226.01 (%).Trend:Increase 25.49% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 110.69 (%).Trend:Decrease 51.02% than previous quarter

Overall: decreasing (-38.54%). 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 144.49 (%).Trend:Decrease 30.64% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 395.69 (%).Trend:Increase 173.85% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 202.43 (%).Trend:Decrease 48.84% than previous quarter

Overall: increasing (40.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.58 (%).Trend:Increase 2.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.99 (%).Trend:Increase 31.79% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.9 (%).Trend:Decrease 0.9% than previous quarter

Overall: increasing (30.61%). Fluctuation: **Neutral** (moderate 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 49.6 (%).Trend:Decrease 39.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 43.27 (%).Trend:Decrease 12.76% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 44.57 (%).Trend:Increase 3.0% than previous quarter

Overall: decreasing (-10.14%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q3 2022 to Q2 2023 shows large fluctuations. Liabilities on revenue increased, though with significant volatility.  Current assets on revenue decreased overall. Cost efficiency, as measured by the retained earnings-to-revenue ratio, increased considerably. The SG&A expense ratio also increased.  Investment efficiency decreased slightly overall.