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 81.53 (%).Trend:Decrease 51.69% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 56.21 (%).Trend:Decrease 31.06% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 164.32 (%).Trend:Increase 192.33% than previous quarter

Overall: increasing (101.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 87.91 (%).Trend:Decrease 51.58% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.61 (%).Trend:Decrease 32.19% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 178.2 (%).Trend:Increase 198.94% than previous quarter

Overall: increasing (102.71%). 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 -10.91 (%).Trend:Decrease 47.35% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -7.52 (%).Trend:Decrease 31.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -20.37 (%).Trend:Increase 170.88% than previous quarter

Overall: decreasing (86.71%). 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 -6.31 (%).Trend:Increase 6.59% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -6.5 (%).Trend:Increase 3.01% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -6.04 (%).Trend:Decrease 7.08% than previous quarter

Overall: increasing (-4.28%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q2 2022 to Q1 2023 demonstrates volatile trends. Liabilities on revenue increased significantly in Q1 2023 after a decline in the prior quarters. Current assets on revenue also increased substantially in Q1 2023.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a declining trend overall but with significant quarterly variations.  Investment efficiency, as measured by retained earnings on assets, shows fluctuation.