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 82.35 (%).Trend:Decrease 7.94% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.14 (%).Trend:Decrease 69.47% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 61.65 (%).Trend:Increase 145.23% than previous quarter

Overall: decreasing (-25.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 122.19 (%).Trend:Decrease 6.76% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 40.45 (%).Trend:Decrease 66.9% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 121.16 (%).Trend:Increase 199.53% than previous quarter

Overall: decreasing (-0.84%). 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 148.19 (%).Trend:Decrease 1.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 51.55 (%).Trend:Decrease 65.21% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 180.75 (%).Trend:Increase 250.63% than previous quarter

Overall: increasing (21.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.65 (%).Trend:Decrease 3.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.67 (%).Trend:Increase 0.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.66 (%).Trend:Increase 12.83% than previous quarter

Overall: increasing (12.88%). 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 54.05 (%).Trend:Increase 4.73% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 57.04 (%).Trend:Increase 5.53% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 62.65 (%).Trend:Increase 9.84% than previous quarter

Overall: increasing (15.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.56 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.71 (USD).Trend:Increase 201.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.49 (USD).Trend:Decrease 80.67% than previous quarter

Overall: decreasing (-41.8%). Fluctuation: **Significant** (high variation).



The data from Q2 2022 to Q1 2023 shows mixed results. Liabilities on revenue experienced a significant drop, followed by an increase, suggesting unstable working capital management. Current assets on revenue also declined significantly, followed by a substantial increase, but the overall trend is still declining. Cost efficiency, as measured by the retained earnings-to-revenue ratio, increased substantially, with significant fluctuation.  SG&A expense ratio increased steadily, showing relatively stable cost management. Investment efficiency consistently grew. Earnings per share declined significantly.