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 24.62 (%).Trend:Decrease 50.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.87 (%).Trend:Decrease 23.35% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 101.52 (%).Trend:Increase 438.0% than previous quarter

Overall: increasing (312.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 38.18 (%).Trend:Decrease 50.78% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 28.15 (%).Trend:Decrease 26.27% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 134.89 (%).Trend:Increase 379.18% than previous quarter

Overall: increasing (253.3%). 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 -9.04 (%).Trend:Decrease 60.39% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -5.95 (%).Trend:Decrease 34.18% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -113.35 (%).Trend:Increase 1805.04% than previous quarter

Overall: decreasing (1153.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.72 (%).Trend:Increase 4.36% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.59 (%).Trend:Increase 4.91% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.15 (%).Trend:Increase 35.29% than previous quarter

Overall: increasing (41.93%). 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 -7.15 (%).Trend:Decrease 16.86% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -6.74 (%).Trend:Decrease 5.73% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -37.82 (%).Trend:Increase 461.13% than previous quarter

Overall: decreasing (428.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.46 (USD).Trend:Increase 151.72% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.0 (USD).Trend:Decrease 31.51% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Decrease 200.0% than previous quarter

Overall: decreasing (-168.49%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2022 to Q1 2023 financial statements shows substantial fluctuations.  Working capital efficiency reveals significant increases in liabilities and current assets on revenue, indicating potential liquidity issues.  Cost efficiency, measured by the ratio of retained earnings to revenue, declined sharply.  The SG&A expense ratio is relatively stable.  Investment efficiency and earnings per share show extremely volatile trends.