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 34.59 (%).Trend:Decrease 37.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 22.88 (%).Trend:Decrease 33.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 52.97 (%).Trend:Increase 131.51% than previous quarter

Overall: increasing (53.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 65.96 (%).Trend:Decrease 48.93% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.14 (%).Trend:Decrease 33.08% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 187.99% than previous quarter

Overall: increasing (92.72%). 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 33.4 (%).Trend:Decrease 50.4% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 22.65 (%).Trend:Decrease 32.19% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 63.19 (%).Trend:Increase 178.98% than previous quarter

Overall: increasing (89.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.07 (%).Trend:Decrease 3.88% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.03 (%).Trend:Decrease 0.18% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.13 (%).Trend:Decrease 4.09% than previous quarter

Overall: decreasing (-4.26%). 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 23.32 (%).Trend:Decrease 2.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 24.44 (%).Trend:Increase 4.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 25.46 (%).Trend:Increase 4.17% than previous quarter

Overall: increasing (9.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.45 (USD).Trend:Increase 113.24% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 51.03% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 54.34% than previous quarter

Overall: decreasing (-31.03%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2022 to Q1 2023 show mixed results. Working capital efficiency (liabilities and current assets on revenue) reveals a significant increase, but significant quarter-to-quarter variation. Cost efficiency (ratio of retained earnings to revenue) also shows a substantial overall increase, with high volatility. The SG&A expense ratio decreased steadily with minor variation. Investment efficiency (retained earnings on assets) shows a notable overall increase with slight variation. Earnings per share show a decrease, with substantial quarter-to-quarter variation.