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 29.14 (%).Trend:Decrease 27.31% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 107.72 (%).Trend:Increase 269.66% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 50.4 (%).Trend:Decrease 53.21% than previous quarter

Overall: increasing (72.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 3: Current assets on Revenue 66.3 (%).Trend:Decrease 37.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 248.81 (%).Trend:Increase 275.28% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 108.42 (%).Trend:Decrease 56.42% than previous quarter

Overall: increasing (63.53%). 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 119.77 (%).Trend:Decrease 25.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 511.51 (%).Trend:Increase 327.08% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue 276.73 (%).Trend:Decrease 45.9% than previous quarter

Overall: increasing (131.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.04 (%).Trend:Increase 2.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.49 (%).Trend:Decrease 4.22% than previous quarter
Year 2023 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.79 (%).Trend:Increase 2.4% than previous quarter

Overall: decreasing (-1.92%). 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 44.55 (%).Trend:Increase 7.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 48.7 (%).Trend:Increase 9.32% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets 50.8 (%).Trend:Increase 4.31% than previous quarter

Overall: increasing (14.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 3: Earning Per Share 1.97 (USD).Trend:Increase 43.8% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.67 (USD).Trend:Decrease 65.99% than previous quarter
Year 2023 Quarter 2: Earning Per Share 1.28 (USD).Trend:Increase 91.04% than previous quarter

Overall: decreasing (-35.03%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2022 to Q2 2023 indicates substantial volatility. Liabilities on revenue show a significant increase in Q1 2023, followed by a decline, suggesting instability. Current assets on revenue demonstrate similar volatility. Cost efficiency shows a substantial increase in the ratio of retained earnings to revenue in Q1 2023, followed by decline, highlighting a significant fluctuation. SG&A expense ratio displays little fluctuation. Invest efficiency shows a steady increase in retained earnings on assets with little fluctuation.  Earning per share shows a substantial decrease in Q1 2023, followed by a substantial increase in Q2 2023.