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 54.4 (%).Trend:Decrease 49.0% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 42.02 (%).Trend:Decrease 22.76% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 73.07 (%).Trend:Increase 73.89% than previous quarter

Overall: increasing (34.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 104.0 (%).Trend:Decrease 47.27% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 75.23 (%).Trend:Decrease 27.66% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 155.49 (%).Trend:Increase 106.69% than previous quarter

Overall: increasing (49.51%). 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 32.88 (%).Trend:Decrease 50.29% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 22.53 (%).Trend:Decrease 31.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 60.87 (%).Trend:Increase 170.17% than previous quarter

Overall: increasing (85.13%). 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 27.09 (%).Trend:Decrease 3.77% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 26.12 (%).Trend:Decrease 3.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.15 (%).Trend:Increase 30.74% than previous quarter

Overall: increasing (26.06%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.32 (USD).Trend:Increase 164.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.82 (USD).Trend:Increase 113.64% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.51 (USD).Trend:Increase 24.47% than previous quarter

Overall: increasing (165.91%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 reveals a mixed picture. Working capital efficiency (liabilities and current assets on revenue) shows an increasing trend, though with significant fluctuation. Cost efficiency (ratio of retained earnings to revenue) also displays a net increase with high variation.  Investment efficiency exhibits a moderate increase.  Earnings per share demonstrates a strong upward trend across all three quarters. The data indicates a possible improvement in performance, but the high volatility warrants a careful examination of the underlying factors.