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 32.81 (%).Trend:Decrease 50.7% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.06 (%).Trend:Decrease 35.81% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.38 (%).Trend:Increase 181.96% than previous quarter

Overall: increasing (80.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 55.44 (%).Trend:Decrease 49.42% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 38.71 (%).Trend:Decrease 30.18% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 127.47 (%).Trend:Increase 229.29% than previous quarter

Overall: increasing (129.92%). 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 59.72 (%).Trend:Decrease 46.93% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 43.08 (%).Trend:Decrease 27.86% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 149.58 (%).Trend:Increase 247.21% than previous quarter

Overall: increasing (150.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.08 (%).Trend:Decrease 1.61% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.81 (%).Trend:Decrease 1.92% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.5 (%).Trend:Decrease 2.24% than previous quarter

Overall: decreasing (-4.12%). 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 33.0 (%).Trend:Increase 9.42% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 35.79 (%).Trend:Increase 8.45% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 40.26 (%).Trend:Increase 12.49% than previous quarter

Overall: increasing (22.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 7.93 (USD).Trend:Increase 126.57% than previous quarter
Year 2022 Quarter 3: Earning Per Share 12.72 (USD).Trend:Increase 60.4% than previous quarter
Year 2023 Quarter 1: Earning Per Share 4.31 (USD).Trend:Decrease 66.12% than previous quarter

Overall: decreasing (-45.65%). Fluctuation: **Significant** (high variation).



Financial performance in the first quarter of 2023 shows substantial increases in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue).  However, earnings per share declined significantly from the previous quarter.  In contrast, the Selling, General, and Administrative (SG&A) expense ratio shows minimal fluctuation, exhibiting a consistent downward trend throughout the period. Investment efficiency displays minimal variation, showing a steady upward trend in retained earnings on assets.