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 59.27 (%).Trend:Decrease 35.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 126.57 (%).Trend:Increase 113.55% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 89.99 (%).Trend:Decrease 28.9% than previous quarter

Overall: increasing (51.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 23.54 (%).Trend:Decrease 46.83% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 69.3 (%).Trend:Increase 194.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 43.54 (%).Trend:Decrease 37.17% than previous quarter

Overall: increasing (84.96%). 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 40.61 (%).Trend:Decrease 36.98% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 27.12 (%).Trend:Decrease 33.22% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 1.78 (%).Trend:Decrease 93.44% than previous quarter

Overall: decreasing (-95.62%). 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 12.47 (%).Trend:Decrease 3.33% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 3.44 (%).Trend:Decrease 72.41% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 0.45 (%).Trend:Decrease 86.92% than previous quarter

Overall: decreasing (-96.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share -1.86 (USD).Trend:Increase 17.72% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.25 (USD).Trend:Decrease 86.56% than previous quarter
Year 2023 Quarter 2: Earning Per Share -1.16 (USD).Trend:Increase 364.0% than previous quarter

Overall: increasing (-37.63%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2022 to Q2 2023 reveals significant fluctuations in key metrics. Liabilities and current assets on revenue show overall increases but with considerable volatility. Conversely, retained earnings ratios (both to revenue and on assets) demonstrate sharp overall declines.  Earnings per share increased overall, but with substantial variability, indicating unstable financial performance.