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 66.21 (%).Trend:Decrease 52.4% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 36.03 (%).Trend:Decrease 45.58% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 115.87 (%).Trend:Increase 221.59% than previous quarter

Overall: increasing (75.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 57.58 (%).Trend:Decrease 52.71% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 36.16 (%).Trend:Decrease 37.2% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 115.63 (%).Trend:Increase 219.77% than previous quarter

Overall: increasing (100.82%). 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 25.42 (%).Trend:Decrease 45.73% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 19.46 (%).Trend:Decrease 23.45% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 70.63 (%).Trend:Increase 262.95% than previous quarter

Overall: increasing (177.85%). 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 12.53 (%).Trend:Increase 16.23% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.8 (%).Trend:Increase 18.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 16.62 (%).Trend:Increase 12.3% than previous quarter

Overall: increasing (32.64%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 3.67 (USD).Trend:Increase 156.64% than previous quarter
Year 2022 Quarter 3: Earning Per Share 6.33 (USD).Trend:Increase 72.48% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 70.62% than previous quarter

Overall: decreasing (-49.32%). Fluctuation: **Significant** (high variation).



Financial statements for 2022 Q2-2023 Q1 show a mixed picture.  Liabilities on revenue and current assets on revenue are both increasing, with significant fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also increasing significantly.  Investment efficiency remains neutral.  Earnings per share show a significant, though ultimately negative, change, from increasing to decreasing.