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 53.81 (%).Trend:Decrease 50.58% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.71 (%).Trend:Decrease 44.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 100.47 (%).Trend:Increase 238.17% than previous quarter

Overall: increasing (86.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 91.08 (%).Trend:Decrease 50.67% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 57.11 (%).Trend:Decrease 37.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 199.76 (%).Trend:Increase 249.78% than previous quarter

Overall: increasing (119.32%). 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 89.78 (%).Trend:Decrease 52.93% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 61.09 (%).Trend:Decrease 31.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 202.25 (%).Trend:Increase 231.07% than previous quarter

Overall: increasing (125.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.24 (%).Trend:Decrease 8.37% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.74 (%).Trend:Decrease 2.35% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.6 (%).Trend:Increase 8.97% than previous quarter

Overall: increasing (6.4%). 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 51.39 (%).Trend:Increase 0.45% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 55.37 (%).Trend:Increase 7.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 54.35 (%).Trend:Decrease 1.84% than previous quarter

Overall: increasing (5.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.91 (USD).Trend:Increase 198.44% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.17 (USD).Trend:Increase 65.97% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.81 (USD).Trend:Decrease 74.45% than previous quarter

Overall: decreasing (-57.59%). Fluctuation: **Significant** (high variation).



Significant fluctuations are evident in 2022-2023 working capital efficiency metrics. Liabilities on revenue increased sharply in Q1 2023 after a substantial decrease.  Current assets on revenue also increased significantly in Q1 2023 after decreasing. Cost efficiency, measured by the retained earnings ratio, increased sharply in Q1 2023. SG&A expense ratios increased slightly, but remained consistently low.  Investment efficiency (retained earnings on assets) showed little variation.  Earning per share decreased significantly in Q1 2023 after an increase.