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 62.38 (%).Trend:Decrease 49.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 41.74 (%).Trend:Decrease 33.09% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 129.44 (%).Trend:Increase 210.11% than previous quarter

Overall: increasing (107.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 290.79 (%).Trend:Decrease 55.35% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 185.96 (%).Trend:Decrease 36.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 483.18 (%).Trend:Increase 159.83% than previous quarter

Overall: increasing (66.16%). 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 -52.76 (%).Trend:Decrease 39.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -44.53 (%).Trend:Decrease 15.6% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -242.52 (%).Trend:Increase 444.62% than previous quarter

Overall: decreasing (359.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -8.95 (%).Trend:Increase 35.81% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -11.73 (%).Trend:Increase 31.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -24.31 (%).Trend:Increase 107.25% than previous quarter

Overall: decreasing (171.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -1.1 (USD).Trend:Increase 77.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.79 (USD).Trend:Increase 62.73% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.83 (USD).Trend:Decrease 53.63% than previous quarter

Overall: increasing (-24.55%). Fluctuation: **Significant** (high variation).



Between Q2 2022 and Q1 2023, significant volatility across key financial indicators is evident.  Increases in liabilities and current assets on revenue are offset by alarming decreases in the ratio of retained earnings to revenue (-359.67%) and retained earnings on assets (-171.62%).  Despite this, earnings per share increased slightly (-24.55%).  This instability requires urgent corrective measures.