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 22.61 (%).Trend:Decrease 56.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.89 (%).Trend:Decrease 25.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 42.48 (%).Trend:Increase 151.51% than previous quarter

Overall: increasing (87.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 64.66 (%).Trend:Decrease 52.37% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.11 (%).Trend:Decrease 27.14% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 130.88 (%).Trend:Increase 177.82% than previous quarter

Overall: increasing (102.41%). 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 78.69 (%).Trend:Decrease 47.93% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 52.63 (%).Trend:Decrease 33.12% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 148.39 (%).Trend:Increase 181.95% than previous quarter

Overall: increasing (88.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.37 (%).Trend:Increase 0.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.07 (%).Trend:Decrease 1.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.85 (%).Trend:Decrease 6.08% than previous quarter

Overall: decreasing (-7.46%). 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 62.53 (%).Trend:Increase 6.89% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 60.7 (%).Trend:Decrease 2.93% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 63.72 (%).Trend:Increase 4.98% than previous quarter

Overall: increasing (1.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.86 (USD).Trend:Increase 107.25% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.63 (USD).Trend:Increase 61.89% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 56.8% than previous quarter

Overall: decreasing (-30.07%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 reveals a mixed picture. Working capital efficiency shows increasing liabilities and current assets on revenue, both with significant fluctuation. Cost efficiency displays a significant increase in the ratio of retained earnings to revenue, but the overall trend is negative.  SG&A expense ratio shows a slightly decreasing trend. Investment efficiency reveals a gradual increase in retained earnings on assets, but with little fluctuation. Earnings per share demonstrate significant fluctuations, trending downward overall.  The findings suggest volatility in financial performance, with important variations across different metrics.