Working Capital Efficiency
The data from Quater 2 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 2: Liabilities on Revenue 32.14 (%).Trend:Decrease 56.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.64 (%).Trend:Decrease 32.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.35 (%).Trend:Increase 229.71% than previous quarter

Overall: increasing (122.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 39.95 (%).Trend:Decrease 58.06% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 29.29 (%).Trend:Decrease 26.68% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 95.1 (%).Trend:Increase 224.68% than previous quarter

Overall: increasing (138.05%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 35.81 (%).Trend:Decrease 41.04% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 28.15 (%).Trend:Decrease 21.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 117.66 (%).Trend:Increase 317.98% than previous quarter

Overall: increasing (228.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.85 (%).Trend:Increase 1.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.42 (%).Trend:Increase 3.38% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Increase 4.82% than previous quarter

Overall: increasing (8.37%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 2: Retained Earning on Assets 35.45 (%).Trend:Increase 22.12% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 38.41 (%).Trend:Increase 8.35% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 45.99 (%).Trend:Increase 19.73% than previous quarter

Overall: increasing (29.73%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 5.9 (USD).Trend:Increase 89.71% than previous quarter
Year 2022 Quarter 3: Earning Per Share 8.04 (USD).Trend:Increase 36.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.03 (USD).Trend:Decrease 74.75% than previous quarter

Overall: decreasing (-65.59%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2022 to Q1 2023 reveals substantial fluctuations in working capital efficiency. Liabilities and current assets on revenue both increased significantly in Q1 2023 after a period of decrease.  Cost efficiency, measured by the ratio of retained earnings to revenue, saw a large increase in Q1 2023, followed by a decrease in Q2 2023.  SG&A expense ratio, however, shows a consistent upward trend with small fluctuations. Investment efficiency remains positive and steady, while earnings per share show a significant decrease in Q1 2023, followed by a substantial increase in Q2 2023.