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 62.76 (%).Trend:Decrease 55.16% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.75 (%).Trend:Decrease 43.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 153.17 (%).Trend:Increase 328.45% than previous quarter

Overall: increasing (144.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 92.16 (%).Trend:Decrease 55.69% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 51.02 (%).Trend:Decrease 44.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 203.91 (%).Trend:Increase 299.67% than previous quarter

Overall: increasing (121.26%). 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 10.87 (%).Trend:Decrease 24.78% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 6.75 (%).Trend:Decrease 37.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 8.35 (%).Trend:Increase 23.7% than previous quarter

Overall: decreasing (-23.18%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.73 (%).Trend:Decrease 13.73% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.37 (%).Trend:Decrease 3.34% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.08 (%).Trend:Increase 29.74% than previous quarter

Overall: increasing (25.41%). 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 4.22 (%).Trend:Increase 80.34% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 4.5 (%).Trend:Increase 6.64% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 1.43 (%).Trend:Decrease 68.22% than previous quarter

Overall: decreasing (-66.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.01 (USD).Trend:Increase 142.17% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.34 (USD).Trend:Increase 66.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 104.19% than previous quarter

Overall: decreasing (-106.97%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023, the company experienced substantial fluctuations. Working capital efficiency, as shown by liabilities and current assets on revenue, increased considerably (144.06% and 121.26%, respectively). However, investment efficiency (retained earnings on assets and earnings per share) declined sharply (-66.11% and -106.97%). Cost efficiency displayed mixed results, with retained earnings to revenue decreasing moderately and SG&A expenses rising.