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 35.65 (%).Trend:Decrease 49.03% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 23.98 (%).Trend:Decrease 32.73% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 70.29 (%).Trend:Increase 193.12% than previous quarter

Overall: increasing (97.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 35.26 (%).Trend:Decrease 49.02% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 23.5 (%).Trend:Decrease 33.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.58 (%).Trend:Increase 187.57% than previous quarter

Overall: increasing (91.66%). 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 6.82 (%).Trend:Decrease 50.4% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 4.41 (%).Trend:Decrease 35.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 14.49 (%).Trend:Increase 228.57% than previous quarter

Overall: increasing (112.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.79 (%).Trend:Increase 6.46% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.05 (%).Trend:Increase 6.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.92 (%).Trend:Decrease 27.9% than previous quarter

Overall: decreasing (-22.96%). 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 13.86 (%).Trend:Increase 1.17% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 13.71 (%).Trend:Decrease 1.08% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 15.62 (%).Trend:Increase 13.93% than previous quarter

Overall: increasing (12.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 4.85 (USD).Trend:Increase 55.95% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.85 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 5.32 (USD).Trend:Increase 9.69% than previous quarter

Overall: increasing (9.69%). Fluctuation: **Little** (low variation).



Over three quarters (Q2 2022-Q1 2023), liabilities on revenue and current assets on revenue showed significant increases (97.17% and 91.66% respectively), with high variation.  The ratio of retained earnings to revenue also increased significantly (112.46%), while the SG&A expense ratio decreased (-22.96%), showing moderate variation. Retained earnings on assets and earnings per share increased with little fluctuation.