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 38.05 (%).Trend:Decrease 31.14% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 110.25 (%).Trend:Increase 189.75% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 47.97 (%).Trend:Decrease 56.49% than previous quarter

Overall: increasing (26.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 73.81 (%).Trend:Decrease 33.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 232.23 (%).Trend:Increase 214.63% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 113.71 (%).Trend:Decrease 51.04% than previous quarter

Overall: increasing (54.06%). 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 2.78 (%).Trend:Decrease 43.03% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 30.81 (%).Trend:Increase 1008.27% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 20.16 (%).Trend:Decrease 34.57% than previous quarter

Overall: increasing (625.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.3 (%).Trend:Decrease 0.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.86 (%).Trend:Decrease 1.81% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.01 (%).Trend:Increase 0.63% than previous quarter

Overall: decreasing (-1.19%). 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 1.33 (%).Trend:Decrease 13.07% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.95 (%).Trend:Increase 272.18% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 6.49 (%).Trend:Increase 31.11% than previous quarter

Overall: increasing (387.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 2.95 (USD).Trend:Increase 58.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 66.1% than previous quarter
Year 2023 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter

Overall: decreasing (-32.2%). Fluctuation: **Significant** (high variation).



The period from Q3 2022 to Q2 2023 shows marked increases in working capital (liabilities and current assets on revenue), though with significant quarter-to-quarter variation.  Cost efficiency (ratio of retained earnings to revenue) experienced a substantial overall increase, but high volatility.  The SG&A expense ratio showed minor changes.  Investment efficiency (retained earnings on assets) increased greatly.  Earnings per share, however, decreased significantly.