Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 107.63 (%).Trend:Increase 241.9% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.21 (%).Trend:Decrease 54.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 90.24 (%).Trend:Increase 83.38% than previous quarter

Overall: decreasing (-16.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 154.79 (%).Trend:Increase 232.31% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 72.92 (%).Trend:Decrease 52.89% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 133.8 (%).Trend:Increase 83.49% than previous quarter

Overall: decreasing (-13.56%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 92.12 (%).Trend:Increase 243.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 42.58 (%).Trend:Decrease 53.78% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 67.29 (%).Trend:Increase 58.03% than previous quarter

Overall: decreasing (-26.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.07 (%).Trend:Increase 6.8% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.37 (%).Trend:Decrease 9.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.21 (%).Trend:Decrease 2.51% than previous quarter

Overall: decreasing (-12.16%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 27.82 (%).Trend:Increase 3.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 28.36 (%).Trend:Increase 1.94% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.01 (%).Trend:Decrease 15.34% than previous quarter

Overall: decreasing (-13.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 101.82% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.91 (USD).Trend:Decrease 3133.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 97.8% than previous quarter

Overall: increasing (-166.67%). Fluctuation: **Significant** (high variation).



Financial statements for Quarter 1 2022 to Quarter 1 2023 are analyzed. Liabilities and current assets on revenue demonstrate significant fluctuation, but an overall decrease in both.  The ratio of retained earnings to revenue shows significant fluctuation, and an overall decrease.  SG&A expense ratio is slightly decreasing. Investment efficiency (retained earnings on assets) is decreasing. Earnings per share is also decreasing, though with significant fluctuations.