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 34.11 (%).Trend:Decrease 47.88% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.91 (%).Trend:Decrease 35.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.33 (%).Trend:Increase 193.61% than previous quarter

Overall: increasing (88.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 46.32 (%).Trend:Decrease 54.11% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 31.05 (%).Trend:Decrease 32.97% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 86.51 (%).Trend:Increase 178.62% than previous quarter

Overall: increasing (86.77%). 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 30.68 (%).Trend:Decrease 47.53% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 21.46 (%).Trend:Decrease 30.05% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 60.24 (%).Trend:Increase 180.71% than previous quarter

Overall: increasing (96.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.0 (%).Trend:Increase 1.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.35 (%).Trend:Increase 0.8% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.44 (%).Trend:Increase 0.2% than previous quarter

Overall: increasing (1.0%). 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 13.97 (%).Trend:Increase 5.28% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.39 (%).Trend:Increase 3.01% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 14.65 (%).Trend:Increase 1.81% than previous quarter

Overall: increasing (4.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 32.43% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.64 (USD).Trend:Increase 30.61% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 64.06% than previous quarter

Overall: decreasing (-53.06%). Fluctuation: **Significant** (high variation).



Financial results from Q2 2022 to Q1 2023 show increases in working capital efficiency metrics like liabilities and current assets on revenue, though fluctuation is substantial. The ratio of retained earnings to revenue also increased notably, but with substantial variations. SG&A expenses had a modest increase overall, while investment efficiency (retained earnings on assets) continued its upward trend. Earnings per share declined, indicating possible financial pressure. Overall, the trends are mixed and highlight the need for caution and further analysis of the underlying factors.