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 43.37 (%).Trend:Decrease 46.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.19 (%).Trend:Decrease 28.08% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 84.13 (%).Trend:Increase 169.73% than previous quarter

Overall: increasing (93.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 77.5 (%).Trend:Decrease 47.12% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 54.83 (%).Trend:Decrease 29.25% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 168.22 (%).Trend:Increase 206.8% than previous quarter

Overall: increasing (117.06%). 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 46.66 (%).Trend:Decrease 48.73% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 32.21 (%).Trend:Decrease 30.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 92.28 (%).Trend:Increase 186.49% than previous quarter

Overall: increasing (97.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.73 (%).Trend:Increase 4.18% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.77 (%).Trend:Increase 0.52% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.59 (%).Trend:Decrease 2.32% than previous quarter

Overall: decreasing (-1.81%). 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 45.37 (%).Trend:Decrease 1.28% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 44.92 (%).Trend:Decrease 0.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 43.54 (%).Trend:Decrease 3.07% than previous quarter

Overall: decreasing (-4.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.77 (USD).Trend:Increase 103.45% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.69 (USD).Trend:Increase 51.98% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.95 (USD).Trend:Decrease 64.68% than previous quarter

Overall: decreasing (-46.33%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 indicates significant fluctuations.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue show substantial increases, suggesting potential improvements or anomalies.  Conversely, earnings per share declined considerably.  SG&A expenses decreased slightly, while retained earnings on assets exhibited a minor decline.