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 25.85 (%).Trend:Decrease 50.36% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.67 (%).Trend:Decrease 23.91% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 44.99 (%).Trend:Increase 128.72% than previous quarter

Overall: increasing (74.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 67.82 (%).Trend:Decrease 46.75% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.24 (%).Trend:Decrease 30.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 128.47 (%).Trend:Increase 171.95% than previous quarter

Overall: increasing (89.43%). 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 5.79 (%).Trend:Decrease 97.18% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 6.28 (%).Trend:Increase 8.46% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 32.38 (%).Trend:Increase 415.61% than previous quarter

Overall: increasing (459.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.24 (%).Trend:Increase 0.64% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.12 (%).Trend:Decrease 0.42% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.53 (%).Trend:Decrease 2.1% than previous quarter

Overall: decreasing (-2.51%). 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 4.13 (%).Trend:Decrease 94.34% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.6 (%).Trend:Increase 59.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.37 (%).Trend:Increase 87.42% than previous quarter

Overall: increasing (199.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 110.26% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.42 (USD).Trend:Increase 73.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.55 (USD).Trend:Decrease 61.27% than previous quarter

Overall: decreasing (-32.93%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 indicates strong working capital efficiency gains, with notable increases in both liabilities and current assets on revenue.  A dramatic improvement is evident in the ratio of retained earnings to revenue. The Selling, General & Administrative (SG&A) expense ratio shows a slight downward trend. Investment efficiency and earnings per share display fluctuations, with a decrease in earnings per share observed.