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 39.79 (%).Trend:Decrease 49.27% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 28.14 (%).Trend:Decrease 29.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 76.54 (%).Trend:Increase 172.0% than previous quarter

Overall: increasing (92.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 133.9 (%).Trend:Decrease 52.53% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 88.72 (%).Trend:Decrease 33.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 287.21 (%).Trend:Increase 223.73% than previous quarter

Overall: increasing (114.5%). 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 -5.41 (%).Trend:Decrease 79.45% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -2.98 (%).Trend:Decrease 44.92% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -17.75 (%).Trend:Increase 495.64% than previous quarter

Overall: decreasing (228.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.53 (%).Trend:Decrease 0.96% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.83 (%).Trend:Increase 1.81% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.55 (%).Trend:Increase 16.16% than previous quarter

Overall: increasing (18.27%). 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 -2.08 (%).Trend:Decrease 57.64% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -1.69 (%).Trend:Decrease 18.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -2.91 (%).Trend:Increase 72.19% than previous quarter

Overall: decreasing (39.9%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2022 to Q1 2023 shows significant fluctuations.  Liabilities on revenue increased substantially (92.36%), and current assets on revenue also increased significantly (114.5%). The ratio of retained earnings to revenue worsened (-228.1%). SG&A expenses increased moderately (18.27%). Retained earnings on assets decreased (39.9%), indicating significant variation across all metrics except SG&A.