Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 140.2 (%).Trend:Increase 84.06% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 60.25 (%).Trend:Decrease 57.03% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 242.15 (%).Trend:Increase 301.91% than previous quarter

Overall: increasing (72.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 156.31 (%).Trend:Increase 97.09% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 72.47 (%).Trend:Decrease 53.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 240.58 (%).Trend:Increase 231.97% than previous quarter

Overall: increasing (53.91%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -100.63 (%).Trend:Increase 114.88% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -44.56 (%).Trend:Decrease 55.72% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -234.8 (%).Trend:Increase 426.93% than previous quarter

Overall: decreasing (133.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets -9.22 (%).Trend:Increase 18.51% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -10.73 (%).Trend:Increase 16.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -15.52 (%).Trend:Increase 44.64% than previous quarter

Overall: decreasing (68.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.62 (USD).Trend:Decrease 82.73% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.23 (USD).Trend:Increase 98.39% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 97.56% than previous quarter

Overall: increasing (-95.16%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2022 to Q1 2023 show considerable volatility. Liabilities on revenue increased overall, with a sharp rise in Q1 2023. Current assets on revenue also showed an overall increase. Cost efficiency metrics, specifically the ratio of retained earnings to revenue, trend sharply downward, and show even greater variation. Investment efficiency demonstrates a continuous decline in retained earnings on assets. Earning per share shows an increasing trend, although with high variation.