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 50.9 (%).Trend:Decrease 51.86% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.25 (%).Trend:Decrease 40.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 86.0 (%).Trend:Increase 184.3% than previous quarter

Overall: increasing (68.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 76.24 (%).Trend:Decrease 50.53% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 48.0 (%).Trend:Decrease 37.04% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 153.0 (%).Trend:Increase 218.75% than previous quarter

Overall: increasing (100.68%). 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 52.55 (%).Trend:Decrease 52.9% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 36.3 (%).Trend:Decrease 30.92% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 119.12 (%).Trend:Increase 228.15% than previous quarter

Overall: increasing (126.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.33 (%).Trend:Decrease 9.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.36 (%).Trend:Increase 0.15% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.59 (%).Trend:Increase 10.95% than previous quarter

Overall: increasing (11.12%). 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 32.96 (%).Trend:Increase 3.03% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 35.28 (%).Trend:Increase 7.04% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.44 (%).Trend:Increase 6.12% than previous quarter

Overall: increasing (13.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.91 (USD).Trend:Increase 189.39% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.1 (USD).Trend:Increase 62.3% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 67.74% than previous quarter

Overall: decreasing (-47.64%). Fluctuation: **Significant** (high variation).



The financial review of Q2 2022 to Q1 2023 shows a mixed picture of financial health. Working capital efficiency, particularly liabilities on revenue and current assets on revenue, reveals significant fluctuation, increasing overall. Cost efficiency, measured by the retained earnings to revenue ratio, also exhibits notable fluctuations with a strong positive overall trend.  SG&A expense ratio shows a steady, albeit slight, increase, while investment efficiency (retained earnings on assets) demonstrates a stable, slight positive trend.  Earnings per share, however, show considerable variation, decreasing overall.