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 32.52 (%).Trend:Decrease 46.01% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.87 (%).Trend:Decrease 35.82% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.89 (%).Trend:Increase 148.63% than previous quarter

Overall: increasing (59.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 32.42 (%).Trend:Decrease 54.7% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 19.19 (%).Trend:Decrease 40.81% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 52.78 (%).Trend:Increase 175.04% than previous quarter

Overall: increasing (62.8%). 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 5.64 (%).Trend:Decrease 58.95% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.11 (%).Trend:Decrease 9.4% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 18.29 (%).Trend:Increase 257.93% than previous quarter

Overall: increasing (224.29%). Fluctuation: **Significant** (high variation).

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

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 2.61 (%).Trend:Decrease 15.53% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 3.53 (%).Trend:Increase 35.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.55 (%).Trend:Increase 28.9% than previous quarter

Overall: increasing (74.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.06 (USD).Trend:Decrease 250.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.11 (USD).Trend:Decrease 283.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 45.45% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023,  liabilities and current assets on revenue increased significantly, indicating improved working capital. The ratio of retained earnings to revenue also increased substantially (224.29%), suggesting improved cost efficiency. Retained earnings on assets showed strong growth (74.33%). Earnings per share also increased, albeit with significant fluctuation.