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 27.36 (%).Trend:Decrease 36.89% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 67.66 (%).Trend:Increase 147.3% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 33.15 (%).Trend:Decrease 51.01% than previous quarter

Overall: increasing (21.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 59.41 (%).Trend:Decrease 29.79% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 184.51 (%).Trend:Increase 210.57% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 83.71 (%).Trend:Decrease 54.63% than previous quarter

Overall: increasing (40.9%). 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 26.51 (%).Trend:Decrease 24.58% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 80.52 (%).Trend:Increase 203.73% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 44.6 (%).Trend:Decrease 44.61% than previous quarter

Overall: increasing (68.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.96 (%).Trend:Increase 1.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.43 (%).Trend:Decrease 7.24% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.77 (%).Trend:Increase 4.13% than previous quarter

Overall: decreasing (-3.4%). 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 23.0 (%).Trend:Increase 8.44% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.53 (%).Trend:Decrease 2.04% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 26.32 (%).Trend:Increase 16.82% than previous quarter

Overall: increasing (14.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.74 (USD).Trend:Increase 36.32% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 50.0% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.46 (USD).Trend:Increase 79.56% than previous quarter

Overall: decreasing (-10.22%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2022 to Q2 2023 shows significant fluctuations across various metrics. Liabilities on revenue decreased from Q3 2022 to Q2 2023, but exhibited substantial quarterly variations, increasing in Q1 2023.  Current assets on revenue also displayed substantial increases and decreases throughout the period, with significant volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibited similar patterns of substantial increases and decreases.  SG&A expense ratio, however, shows a slight overall decrease with little variation.  Investment efficiency, as measured by retained earnings on assets, shows a moderate increase with little fluctuation. Earning per share demonstrates a significant overall decrease with substantial quarterly changes.