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 61.58 (%).Trend:Decrease 38.37% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 48.81 (%).Trend:Decrease 20.74% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 69.03 (%).Trend:Increase 41.43% than previous quarter

Overall: increasing (12.1%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 149.28 (%).Trend:Decrease 50.15% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 100.17 (%).Trend:Decrease 32.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 263.06 (%).Trend:Increase 162.61% than previous quarter

Overall: increasing (76.22%). 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 36.17 (%).Trend:Decrease 46.52% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 26.46 (%).Trend:Decrease 26.85% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 85.01 (%).Trend:Increase 221.28% than previous quarter

Overall: increasing (135.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.65 (%).Trend:Decrease 10.7% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.02 (%).Trend:Decrease 4.57% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35.27 (%).Trend:Increase 3.67% than previous quarter

Overall: decreasing (-1.07%). 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 9.4 (%).Trend:Increase 9.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 10.52 (%).Trend:Increase 11.91% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.21 (%).Trend:Increase 16.06% than previous quarter

Overall: increasing (29.89%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.2 (USD).Trend:Decrease 322.22% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.66 (USD).Trend:Increase 230.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.39 (USD).Trend:Decrease 40.91% than previous quarter

Overall: increasing (95.0%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023, liabilities on revenue increased slightly with moderate fluctuation. Current assets on revenue increased substantially with significant variation.  The ratio of retained earnings to revenue also increased significantly, demonstrating considerable volatility. SG&A expenses decreased slightly with low variation.  Retained earnings on assets and earnings per share increased, highlighting significant fluctuations in investment efficiency.