Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 195100000000.0 (%).Trend:Increase 1.61% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 192900000000.0 (%).Trend:Decrease 1.13% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 149400000000.0 (%).Trend:Decrease 22.55% than previous quarter

Overall: decreasing (-23.42%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 317400000000.0 (%).Trend:Increase 1.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 319100000000.0 (%).Trend:Increase 0.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 301000000000.0 (%).Trend:Decrease 5.67% than previous quarter

Overall: decreasing (-5.17%). Fluctuation: **Little** (low variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 223800000000.0 (%).Trend:Increase 2.61% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 219700000000.0 (%).Trend:Decrease 1.83% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 233100000000.0 (%).Trend:Increase 6.1% than previous quarter

Overall: increasing (4.16%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 61800000000.0 (%).Trend:Increase 103.29% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 91200000000.0 (%).Trend:Increase 47.57% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 35400000000.0 (%).Trend:Decrease 61.18% than previous quarter

Overall: decreasing (-42.72%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets 27.33 (%).Trend:Increase 2.98% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 27.1 (%).Trend:Decrease 0.84% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.36 (%).Trend:Increase 8.34% than previous quarter

Overall: increasing (7.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 1.07 (USD).Trend:Increase 137.78% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.14 (USD).Trend:Increase 6.54% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.55 (USD).Trend:Decrease 51.75% than previous quarter

Overall: decreasing (-48.6%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2021 to Q1 2023 reveals a mixed picture. Working capital efficiency shows a decrease in liabilities and current assets. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a slight positive trend. However, SG&A expenses exhibit considerable fluctuation, while investment efficiency and earnings per share (EPS) display significant variation in quarterly results. Further investigation into the trends and underlying causes is necessary to understand the performance more comprehensively.