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 62.38 (%).Trend:Decrease 49.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 41.74 (%).Trend:Decrease 33.09% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.44 (%).Trend:Increase 210.11% than previous quarter

Overall: increasing (107.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 290.79 (%).Trend:Decrease 55.35% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 185.96 (%).Trend:Decrease 36.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 483.18 (%).Trend:Increase 159.83% than previous quarter

Overall: increasing (66.16%). 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 -52.76 (%).Trend:Decrease 39.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -44.53 (%).Trend:Decrease 15.6% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -242.52 (%).Trend:Increase 444.62% than previous quarter

Overall: decreasing (359.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -8.95 (%).Trend:Increase 35.81% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -11.73 (%).Trend:Increase 31.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -24.31 (%).Trend:Increase 107.25% than previous quarter

Overall: decreasing (171.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -1.1 (USD).Trend:Increase 77.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.79 (USD).Trend:Increase 62.73% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 53.63% than previous quarter

Overall: increasing (-24.55%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2022-Q1 2023 shows significant fluctuations. Liabilities on revenue increased 107.5%, while current assets on revenue increased 66.16%. However, the ratio of retained earnings to revenue worsened by 359.67%, and retained earnings on assets decreased by 171.62%. Earnings per share improved slightly (-24.55%).  High variability necessitates further investigation.