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 35.65 (%).Trend:Decrease 49.03% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 23.98 (%).Trend:Decrease 32.73% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 70.29 (%).Trend:Increase 193.12% than previous quarter

Overall: increasing (97.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 35.26 (%).Trend:Decrease 49.02% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 23.5 (%).Trend:Decrease 33.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.58 (%).Trend:Increase 187.57% than previous quarter

Overall: increasing (91.66%). 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 6.82 (%).Trend:Decrease 50.4% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 4.41 (%).Trend:Decrease 35.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 14.49 (%).Trend:Increase 228.57% than previous quarter

Overall: increasing (112.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.79 (%).Trend:Increase 6.46% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.05 (%).Trend:Increase 6.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.92 (%).Trend:Decrease 27.9% than previous quarter

Overall: decreasing (-22.96%). 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 13.86 (%).Trend:Increase 1.17% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 13.71 (%).Trend:Decrease 1.08% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 15.62 (%).Trend:Increase 13.93% than previous quarter

Overall: increasing (12.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 4.85 (USD).Trend:Increase 55.95% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.85 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 5.32 (USD).Trend:Increase 9.69% than previous quarter

Overall: increasing (9.69%). Fluctuation: **Little** (low variation).



From Q2 2022 to Q1 2023, liabilities and current assets on revenue significantly increased, showing high variation.  The ratio of retained earnings to revenue also increased significantly.  Conversely, the SG&A expense ratio decreased with moderate variation. Investment efficiency metrics, retained earnings on assets and earnings per share, showed smaller increases with low variation.