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 38.64 (%).Trend:Decrease 53.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.49 (%).Trend:Decrease 36.62% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 98.01 (%).Trend:Increase 300.2% than previous quarter

Overall: increasing (153.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.41 (%).Trend:Decrease 51.35% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 34.39 (%).Trend:Decrease 34.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 105.6 (%).Trend:Increase 207.07% than previous quarter

Overall: increasing (101.49%). 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 -37.72 (%).Trend:Decrease 53.67% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -31.28 (%).Trend:Decrease 17.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Increase 200.06% than previous quarter

Overall: decreasing (148.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.9 (%).Trend:Decrease 0.44% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.13 (%).Trend:Increase 0.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 38.01 (%).Trend:Increase 11.37% than previous quarter

Overall: increasing (12.12%). 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 -36.73 (%).Trend:Decrease 4.6% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -46.19 (%).Trend:Increase 25.76% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -43.73 (%).Trend:Decrease 5.33% than previous quarter

Overall: decreasing (19.06%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2022 to Q1 2023 reveals high volatility. Liabilities on revenue increased significantly in Q1 2023 after a substantial decline in the previous two quarters. Current assets on revenue followed a similar pattern. Cost efficiency demonstrates a significant decrease in the ratio of retained earnings to revenue. The selling, general, and administrative (SG&A) expense ratio exhibited a modest increase.  Investment efficiency shows a decreasing trend in retained earnings on assets.  Overall, significant fluctuations across key metrics suggest instability, potentially stemming from operational changes or market forces, warranting closer examination.