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 45.27 (%).Trend:Decrease 50.28% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 37.18 (%).Trend:Decrease 17.87% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 84.39 (%).Trend:Increase 126.98% than previous quarter

Overall: increasing (86.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 112.18 (%).Trend:Decrease 50.16% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 81.96 (%).Trend:Decrease 26.94% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 195.67 (%).Trend:Increase 138.74% than previous quarter

Overall: increasing (74.43%). 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 110.72 (%).Trend:Decrease 48.72% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 69.06 (%).Trend:Decrease 37.63% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 164.63 (%).Trend:Increase 138.39% than previous quarter

Overall: increasing (48.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.59 (%).Trend:Increase 5.84% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.16 (%).Trend:Decrease 3.71% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.19 (%).Trend:Decrease 8.69% than previous quarter

Overall: decreasing (-12.08%). 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 61.77 (%).Trend:Increase 3.36% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 47.92 (%).Trend:Decrease 22.42% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 47.18 (%).Trend:Decrease 1.54% than previous quarter

Overall: decreasing (-23.62%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 58.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 52.63% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 72.41% than previous quarter

Overall: decreasing (-57.89%). Fluctuation: **Significant** (high variation).



Q2 2022 to Q1 2023 financial data shows mixed results. Working capital efficiency metrics are increasing: Liabilities on revenue are rising (86.41%) and current assets on revenue are also increasing (74.43%). Cost efficiency, in terms of retained earnings to revenue, is increasing (48.69%). However, SG&A expense ratio is decreasing (-12.08%), and investment efficiency, measured by retained earnings on assets, is decreasing (-23.62%). Earning per share is also decreasing (-57.89%).