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 69.62 (%).Trend:Decrease 43.56% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 36.74 (%).Trend:Decrease 47.23% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 117.83 (%).Trend:Increase 220.71% than previous quarter

Overall: increasing (69.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 233.06 (%).Trend:Decrease 50.14% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 139.26 (%).Trend:Decrease 40.25% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 341.57 (%).Trend:Increase 145.28% than previous quarter

Overall: increasing (46.56%). 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 -60.46 (%).Trend:Decrease 42.92% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -41.68 (%).Trend:Decrease 31.06% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -90.14 (%).Trend:Increase 116.27% than previous quarter

Overall: decreasing (49.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.93 (%).Trend:Decrease 1.7% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40.9 (%).Trend:Decrease 6.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.15 (%).Trend:Decrease 16.5% than previous quarter

Overall: decreasing (-22.26%). 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 -11.13 (%).Trend:Increase 21.37% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -12.53 (%).Trend:Increase 12.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -12.58 (%).Trend:Increase 0.4% than previous quarter

Overall: decreasing (13.03%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -2.21 (USD).Trend:Increase 74.02% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.76 (USD).Trend:Increase 24.89% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 102.17% than previous quarter

Overall: increasing (-102.71%). Fluctuation: **Significant** (high variation).



Q2 2022 to Q1 2023 data shows significant fluctuations. Liabilities on revenue increased (69.25%), and current assets on revenue increased (46.56%), both significantly. The ratio of retained earnings to revenue decreased (-49.09%) significantly, while the SG&A expense ratio decreased (-22.26%) with neutral fluctuation. Retained earnings on assets decreased (-13.03%) significantly, and earnings per share showed significant fluctuation, increasing despite initially negative values.