Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 289.46 (%).Trend:Decrease 52.85% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 200.16 (%).Trend:Decrease 30.85% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 599.71 (%).Trend:Increase 199.62% than previous quarter

Overall: increasing (107.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 840.09 (%).Trend:Decrease 66.46% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 483.49 (%).Trend:Decrease 42.45% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 1566.55 (%).Trend:Increase 224.01% than previous quarter

Overall: increasing (86.47%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1503.18 (%).Trend:Decrease 48.45% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1018.13 (%).Trend:Decrease 32.27% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -3254.02 (%).Trend:Increase 219.61% than previous quarter

Overall: decreasing (116.48%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets -120.49 (%).Trend:Increase 12.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -136.71 (%).Trend:Increase 13.46% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -187.86 (%).Trend:Increase 37.41% than previous quarter

Overall: decreasing (55.91%). Fluctuation: **Significant** (high variation).

Earning Per Share


Both analyzed periods (2021-2022 and 2022-2023) show significant fluctuations in liabilities and current assets on revenue, with overall increases in both.  However, the ratio of retained earnings to revenue and retained earnings on assets decreased significantly in both periods, suggesting concerns regarding profitability and investment efficiency.