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 30.85 (%).Trend:Decrease 53.4% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.56 (%).Trend:Decrease 33.35% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 60.74 (%).Trend:Increase 195.43% than previous quarter

Overall: increasing (96.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 31.84 (%).Trend:Decrease 52.63% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 21.31 (%).Trend:Decrease 33.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 62.73 (%).Trend:Increase 194.37% than previous quarter

Overall: increasing (97.02%). 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 13.18 (%).Trend:Decrease 47.34% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 9.23 (%).Trend:Decrease 29.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 30.15 (%).Trend:Increase 226.65% than previous quarter

Overall: increasing (128.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.09 (%).Trend:Decrease 2.99% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.87 (%).Trend:Decrease 2.42% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.03 (%).Trend:Increase 1.8% than previous quarter

Overall: decreasing (-0.66%). 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 21.36 (%).Trend:Increase 8.7% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 22.39 (%).Trend:Increase 4.82% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.86 (%).Trend:Increase 11.03% than previous quarter

Overall: increasing (16.39%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 150.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 8.0 (USD).Trend:Increase 60.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 3.0 (USD).Trend:Decrease 62.5% than previous quarter

Overall: decreasing (-40.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations, with liabilities on revenue increasing by 96.89% and current assets on revenue increasing by 97.02% across Q2 2022 to Q1 2023.  Cost efficiency shows a slight decrease in SG&A expense ratio, while retained earnings to revenue ratio increased substantially. Investment efficiency shows a steady increase in retained earnings on assets. Earnings per share show significant volatility, decreasing by 40% overall.  These findings highlight the need for further analysis to understand the causes of the substantial fluctuations, particularly in working capital and earnings per share.