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 19.14 (%).Trend:Decrease 54.6% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.77 (%).Trend:Increase 3.29% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 187.57 (%).Trend:Increase 848.76% than previous quarter

Overall: increasing (879.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 44.01 (%).Trend:Decrease 65.85% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 26.85 (%).Trend:Decrease 38.99% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 192.48 (%).Trend:Increase 616.87% than previous quarter

Overall: increasing (337.36%). 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 152.48 (%).Trend:Decrease 49.15% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 122.61 (%).Trend:Decrease 19.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 490.87 (%).Trend:Increase 300.35% than previous quarter

Overall: increasing (221.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.96 (%).Trend:Decrease 6.96% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.64 (%).Trend:Increase 6.2% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.7 (%).Trend:Increase 34.88% than previous quarter

Overall: increasing (43.25%). Fluctuation: **Neutral** (moderate 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 124.67 (%).Trend:Increase 19.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 133.1 (%).Trend:Increase 6.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 103.41 (%).Trend:Decrease 22.31% than previous quarter

Overall: decreasing (-17.05%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.41 (USD).Trend:Increase 127.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.55 (USD).Trend:Increase 9.93% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 75.48% than previous quarter

Overall: decreasing (-73.05%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations, with liabilities on revenue increasing dramatically (879.99%) and current assets on revenue also increasing significantly (337.36%). Cost efficiency shows a significant increase in the ratio of retained earnings to revenue (221.92%).  SG&A expense ratio is increasing (43.25%). Investment efficiency shows a decrease in retained earnings on assets (-17.05%), while earnings per share have decreased significantly (-73.05%).  Data from three quarters of 2022 and 2023 is included.