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 30.28 (%).Trend:Decrease 48.61% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.66 (%).Trend:Decrease 31.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.51 (%).Trend:Increase 178.36% than previous quarter

Overall: increasing (89.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 66.98 (%).Trend:Decrease 50.59% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.53 (%).Trend:Decrease 33.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 132.98 (%).Trend:Increase 198.63% than previous quarter

Overall: increasing (98.54%). 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 21.76 (%).Trend:Decrease 51.76% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 14.06 (%).Trend:Decrease 35.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 46.95 (%).Trend:Increase 233.93% than previous quarter

Overall: increasing (115.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.15 (%).Trend:Increase 0.0% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.95 (%).Trend:Decrease 1.97% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.32 (%).Trend:Increase 23.82% than previous quarter

Overall: increasing (21.38%). 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 7.68 (%).Trend:Increase 0.13% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 7.59 (%).Trend:Decrease 1.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 8.22 (%).Trend:Increase 8.3% than previous quarter

Overall: increasing (7.03%). Fluctuation: **Little** (low variation).

Earning Per Share


Analysis of Q2 2022 to Q1 2023 reveals significant fluctuations across financial metrics.  Liabilities and current assets on revenue increased with large variation between quarters.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also showed an increase with notable variation.  SG&A expenses increased, though fluctuation was moderate. Investment efficiency showed a moderate increase with little fluctuation.  Significant quarter-to-quarter swings across several key metrics are a significant factor.