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 58.11 (%).Trend:Decrease 47.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 39.12 (%).Trend:Decrease 32.68% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 104.24 (%).Trend:Increase 166.46% than previous quarter

Overall: increasing (79.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 45.84 (%).Trend:Decrease 45.73% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 31.02 (%).Trend:Decrease 32.33% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 87.74 (%).Trend:Increase 182.85% than previous quarter

Overall: increasing (91.4%). 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 -11.83 (%).Trend:Decrease 55.21% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -7.81 (%).Trend:Decrease 33.98% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -26.53 (%).Trend:Increase 239.69% than previous quarter

Overall: decreasing (124.26%). Fluctuation: **Significant** (high variation).

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

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 -3.68 (%).Trend:Decrease 12.59% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -3.64 (%).Trend:Decrease 1.09% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -4.29 (%).Trend:Increase 17.86% than previous quarter

Overall: decreasing (16.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.2 (USD).Trend:Increase 300.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.21 (USD).Trend:Increase 5.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.36 (USD).Trend:Decrease 271.43% than previous quarter

Overall: decreasing (-280.0%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023, liabilities and current assets on revenue increased significantly (79.38% and 91.4% respectively), suggesting improved working capital. However, the ratio of retained earnings to revenue worsened (-124.26%), remaining negative. Retained earnings on assets decreased slightly (-16.58%), while earnings per share experienced a substantial decline (-280.0%), highlighting significant volatility.