Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 40.99 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.29 (%).Trend:Decrease 30.98% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 90.49 (%).Trend:Increase 219.87% than previous quarter

Overall: increasing (120.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 71.99 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 48.34 (%).Trend:Decrease 32.85% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 160.21 (%).Trend:Increase 231.42% than previous quarter

Overall: increasing (122.54%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 96.54 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 64.75 (%).Trend:Decrease 32.93% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 173.39 (%).Trend:Increase 167.78% than previous quarter

Overall: increasing (79.6%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets 57.97 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 57.47 (%).Trend:Decrease 0.86% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 51.52 (%).Trend:Decrease 10.35% than previous quarter

Overall: decreasing (-11.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 3.65 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.27 (USD).Trend:Increase 44.38% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.96 (USD).Trend:Decrease 62.81% than previous quarter

Overall: decreasing (-46.3%). Fluctuation: **Significant** (high variation).



The financial analysis shows significant fluctuations in working capital efficiency metrics (liabilities and current assets on revenue) in both periods (2022-2023 and 2021-2022).  Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibits high variation. Invest efficiency shows low fluctuation with a slight overall decline in retained earning on assets. Earnings per share show significant variance across all time periods in both analysis, indicating a need for more in-depth analysis and context to understand the underlying reasons behind these trends.