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 61.95 (%).Trend:Decrease 52.63% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 45.74 (%).Trend:Decrease 26.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 121.59 (%).Trend:Increase 165.83% than previous quarter

Overall: increasing (96.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 88.12 (%).Trend:Decrease 49.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 53.97 (%).Trend:Decrease 38.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.49 (%).Trend:Increase 180.69% than previous quarter

Overall: increasing (71.91%). 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 -47.56 (%).Trend:Decrease 56.17% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -31.16 (%).Trend:Decrease 34.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -90.92 (%).Trend:Increase 191.78% than previous quarter

Overall: decreasing (91.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.57 (%).Trend:Decrease 3.89% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.56 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.5 (%).Trend:Increase 2.8% than previous quarter

Overall: increasing (5.93%). 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 -15.02 (%).Trend:Decrease 9.19% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -13.8 (%).Trend:Decrease 8.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -13.75 (%).Trend:Decrease 0.36% than previous quarter

Overall: increasing (-8.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 121.21% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 19.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 91.95% than previous quarter

Overall: decreasing (-90.41%). Fluctuation: **Significant** (high variation).



The financial analysis of Q2 2022 through Q1 2023 shows a volatile picture. Liabilities and current assets on revenue exhibit a substantial upward trend, but with large variations.  The ratio of retained earnings to revenue decreases sharply, indicating potential issues with profitability.  The SG&A expense ratio is steadily increasing.  Investment efficiency (retained earnings on assets) shows increases with variations. Earnings per share have experienced a notable drop.  Overall, these results suggest significant instability and potential challenges in the company's financial health.