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 60.44 (%).Trend:Decrease 45.83% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.59 (%).Trend:Decrease 36.15% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 108.39 (%).Trend:Increase 180.88% than previous quarter

Overall: increasing (79.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 104.07 (%).Trend:Decrease 49.41% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 71.03 (%).Trend:Decrease 31.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 202.02 (%).Trend:Increase 184.42% than previous quarter

Overall: increasing (94.12%). 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 35.63 (%).Trend:Decrease 50.7% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 23.59 (%).Trend:Decrease 33.79% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 61.53 (%).Trend:Increase 160.83% than previous quarter

Overall: increasing (72.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.3 (%).Trend:Increase 3.12% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.08 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.88 (%).Trend:Decrease 4.9% than previous quarter

Overall: decreasing (-9.77%). 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 24.53 (%).Trend:Decrease 2.77% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 24.15 (%).Trend:Decrease 1.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.67 (%).Trend:Decrease 6.13% than previous quarter

Overall: decreasing (-7.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.3 (USD).Trend:Increase 200.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.84 (USD).Trend:Increase 180.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 54.76% than previous quarter

Overall: increasing (26.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant quarterly variations. Liabilities on revenue decreased in Q2 and Q3 2022, then increased sharply in Q1 2023 before decreasing again in Q2 2023. Current assets on revenue trended similarly, decreasing in Q2 and Q3 2022 and surging in Q1 2023, only to decrease again in Q2 2023. Cost efficiency reveals a declining SG&A expense ratio with low variation. The ratio of retained earnings to revenue exhibited significant fluctuation, increasing in Q1 2023.  Invest efficiency shows consistent declines in retained earnings on assets with little variation.  Earning per share had significant variations, increasing in Q2 and Q3 2022, declining in Q1 2023, then rising again in Q2 2023.