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 35.32 (%).Trend:Decrease 54.5% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.62 (%).Trend:Decrease 44.45% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 67.4 (%).Trend:Increase 243.53% than previous quarter

Overall: increasing (90.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 100.5 (%).Trend:Decrease 56.6% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 62.07 (%).Trend:Decrease 38.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 240.98 (%).Trend:Increase 288.24% than previous quarter

Overall: increasing (139.78%). 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 44.11 (%).Trend:Decrease 55.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 29.32 (%).Trend:Decrease 33.53% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 117.98 (%).Trend:Increase 302.39% than previous quarter

Overall: increasing (167.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.78 (%).Trend:Decrease 16.23% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.73 (%).Trend:Decrease 4.82% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.29 (%).Trend:Increase 31.64% than previous quarter

Overall: increasing (25.3%). 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 21.28 (%).Trend:Increase 2.06% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 23.05 (%).Trend:Increase 8.32% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.93 (%).Trend:Decrease 0.52% than previous quarter

Overall: increasing (7.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.47 (USD).Trend:Increase 764.71% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.89 (USD).Trend:Increase 96.6% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Decrease 105.54% than previous quarter

Overall: decreasing (-110.88%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 indicates considerable volatility across financial metrics. Liabilities and current assets on revenue show overall increases with notable quarter-over-quarter fluctuations.  Cost efficiency, measured by retained earnings-to-revenue ratios, also increased substantially, yet exhibited significant variability. SG&A expense ratio increased moderately. Investment efficiency rose slightly, while earnings per share showed a significant decline.