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 19.62 (%).Trend:Decrease 44.45% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 67.4 (%).Trend:Increase 243.53% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 30.97 (%).Trend:Decrease 54.05% than previous quarter

Overall: increasing (57.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 62.07 (%).Trend:Decrease 38.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 240.98 (%).Trend:Increase 288.24% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 107.63 (%).Trend:Decrease 55.34% than previous quarter

Overall: increasing (73.4%). 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 29.32 (%).Trend:Decrease 33.53% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 117.98 (%).Trend:Increase 302.39% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 51.2 (%).Trend:Decrease 56.6% than previous quarter

Overall: increasing (74.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.73 (%).Trend:Decrease 4.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.29 (%).Trend:Increase 31.64% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.96 (%).Trend:Decrease 15.87% than previous quarter

Overall: increasing (10.76%). 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 23.05 (%).Trend:Increase 8.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.93 (%).Trend:Decrease 0.52% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 23.48 (%).Trend:Increase 2.4% than previous quarter

Overall: increasing (1.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.89 (USD).Trend:Increase 96.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 105.54% than previous quarter
Year 2023 Quarter 2: Earning Per Share 0.76 (USD).Trend:Decrease 575.0% than previous quarter

Overall: decreasing (-73.7%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2022 to Q2 2023 reveals considerable fluctuations across various financial metrics. Liabilities and current assets on revenue show overall increases with substantial quarter-to-quarter variation. Cost efficiency, reflected by retained earnings-to-revenue ratios, also increased markedly, exhibiting significant fluctuations. SG&A expense ratio increased moderately but with moderate fluctuation. Investment efficiency rose slightly but with minimal changes. Earnings per share, conversely, experienced a significant overall decrease.