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 50.39 (%).Trend:Decrease 53.13% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 27.97 (%).Trend:Decrease 44.49% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 68.72 (%).Trend:Increase 145.69% than previous quarter

Overall: increasing (36.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 93.41 (%).Trend:Decrease 55.89% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 56.54 (%).Trend:Decrease 39.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 141.84 (%).Trend:Increase 150.87% than previous quarter

Overall: increasing (51.85%). 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 58.76 (%).Trend:Decrease 55.51% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 38.68 (%).Trend:Decrease 34.17% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 101.99 (%).Trend:Increase 163.68% than previous quarter

Overall: increasing (73.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.41 (%).Trend:Increase 12.06% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.59 (%).Trend:Decrease 12.79% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.18 (%).Trend:Decrease 25.22% than previous quarter

Overall: decreasing (-34.79%). 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 18.52 (%).Trend:Decrease 2.73% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 20.15 (%).Trend:Increase 8.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.61 (%).Trend:Increase 2.28% than previous quarter

Overall: increasing (11.29%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q2 2022 to Q1 2023 reveal a pattern of significant volatility.  Liabilities and current assets on revenue show fluctuations, though generally increasing.  Cost efficiency, measured by retained earnings to revenue, also shows a similar pattern of significant increases and decreases.  SG&A expenses are decreasing. Investment efficiency displays modest increases.