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 35.95 (%).Trend:Decrease 48.8% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 26.41 (%).Trend:Decrease 26.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 81.68 (%).Trend:Increase 209.28% than previous quarter

Overall: increasing (127.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 188.07 (%).Trend:Decrease 49.78% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 125.24 (%).Trend:Decrease 33.41% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 230.93 (%).Trend:Increase 84.39% than previous quarter

Overall: increasing (22.79%). 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 67.35 (%).Trend:Decrease 48.95% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 47.45 (%).Trend:Decrease 29.55% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 130.26 (%).Trend:Increase 174.52% than previous quarter

Overall: increasing (93.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.12 (%).Trend:Decrease 5.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.95 (%).Trend:Decrease 1.86% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.09 (%).Trend:Increase 46.26% than previous quarter

Overall: increasing (43.53%). 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 19.9 (%).Trend:Increase 6.08% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 21.69 (%).Trend:Increase 8.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.57 (%).Trend:Decrease 9.77% than previous quarter

Overall: decreasing (-1.66%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.8 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 65.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.67 (USD).Trend:Decrease 49.24% than previous quarter

Overall: decreasing (-16.25%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 exhibits substantial fluctuations. Liabilities on revenue show a significant increase in Q1 2023 after a period of decline.  Current assets on revenue also show an overall increase. Cost efficiency metrics (ratio of retained earnings to revenue) show a significant increase. SG&A expense ratio increased, but with moderate variation.  Investment efficiency shows a small overall decrease with minor fluctuations.  Earning per share is also decreasing with substantial variation.