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 51.26 (%).Trend:Decrease 49.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.76 (%).Trend:Decrease 30.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 113.61 (%).Trend:Increase 217.7% than previous quarter

Overall: increasing (121.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 98.02 (%).Trend:Decrease 49.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 64.94 (%).Trend:Decrease 33.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 208.46 (%).Trend:Increase 221.0% than previous quarter

Overall: increasing (112.67%). 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 57.14 (%).Trend:Decrease 48.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 42.23 (%).Trend:Decrease 26.09% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 148.31 (%).Trend:Increase 251.2% than previous quarter

Overall: increasing (159.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 34.42% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.81 (%).Trend:Decrease 8.66% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.07 (%).Trend:Decrease 17.74% than previous quarter

Overall: decreasing (-24.86%). 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 27.19 (%).Trend:Increase 5.47% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 29.75 (%).Trend:Increase 9.42% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.88 (%).Trend:Increase 0.44% than previous quarter

Overall: increasing (9.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.75 (USD).Trend:Increase 88.36% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.3 (USD).Trend:Increase 56.36% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 77.44% than previous quarter

Overall: decreasing (-64.73%). Fluctuation: **Significant** (high variation).



Analysis of the financial statements from Q2 2022 to Q1 2023 reveals significant volatility. Liabilities and current assets on revenue both increased, yet with substantial fluctuations across the periods.  Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates substantial increases. SG&A expense ratio shows a moderate decrease.  Investment efficiency, as reflected by retained earnings on assets, displays slight, relatively stable increases.  Earning per share experienced significant growth from Q2 2022 to Q3 2022, but dropped dramatically in Q1 2023.