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 17.42 (%).Trend:Decrease 51.49% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.71 (%).Trend:Decrease 27.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 42.54 (%).Trend:Increase 234.7% than previous quarter

Overall: increasing (144.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 46.58 (%).Trend:Decrease 46.93% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 30.3 (%).Trend:Decrease 34.95% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 104.16 (%).Trend:Increase 243.76% than previous quarter

Overall: increasing (123.62%). 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 5.97 (%).Trend:Increase 19.88% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.83 (%).Trend:Decrease 2.35% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 31.34 (%).Trend:Increase 437.56% than previous quarter

Overall: increasing (424.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.56 (%).Trend:Increase 8.42% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.16 (%).Trend:Increase 5.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.53 (%).Trend:Increase 21.24% than previous quarter

Overall: increasing (28.12%). Fluctuation: **Neutral** (moderate 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 9.81 (%).Trend:Increase 129.21% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.38 (%).Trend:Increase 46.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 21.2 (%).Trend:Increase 47.43% than previous quarter

Overall: increasing (116.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 3.08 (USD).Trend:Increase 84.43% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.02 (USD).Trend:Increase 30.52% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 79.6% than previous quarter

Overall: decreasing (-73.38%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show a dramatic increase in liabilities and current assets on revenue, although Q1 2023 exhibits a sharp rise before showing a subsequent sharp fall in Q2.  Cost efficiency exhibits huge increases in the ratio of retained earnings to revenue. The SG&A expense ratio has a more neutral, moderate increase.  Investment efficiency continues its upward trend. However, a large drop in earnings per share in Q1 2023 was followed by a recovery in Q2, highlighting significant fluctuation throughout the period.