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 533.75 (%).Trend:Decrease 70.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 714.92 (%).Trend:Increase 33.94% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 982.69 (%).Trend:Increase 37.45% than previous quarter

Overall: increasing (84.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 555.28 (%).Trend:Decrease 69.87% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 727.58 (%).Trend:Increase 31.03% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1010.42 (%).Trend:Increase 38.87% than previous quarter

Overall: increasing (81.97%). 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 73.4 (%).Trend:Decrease 50.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 50.05 (%).Trend:Decrease 31.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 145.16 (%).Trend:Increase 190.03% than previous quarter

Overall: increasing (97.77%). 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 10.66 (%).Trend:Increase 52.72% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.12 (%).Trend:Decrease 42.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 11.51 (%).Trend:Increase 88.07% than previous quarter

Overall: increasing (7.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 32.14% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.38 (USD).Trend:Increase 86.49% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.55 (USD).Trend:Decrease 60.14% than previous quarter

Overall: decreasing (-25.68%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 reveal a period of considerable financial volatility.  Working capital efficiency demonstrates a positive overall trend in liabilities and current assets on revenue, but with significant quarterly changes.  Cost efficiency, shown by the retained earnings-to-revenue ratio, is also increasing but with great variability. Investment efficiency shows a similar erratic pattern of increase.  However, earnings per share display a negative overall trend amidst significant quarter-to-quarter fluctuations.  Further analysis of the underlying drivers is needed to understand this volatile period.