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 27.85 (%).Trend:Decrease 52.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.55 (%).Trend:Decrease 29.8% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.86 (%).Trend:Increase 206.19% than previous quarter

Overall: increasing (114.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 45.08 (%).Trend:Decrease 49.6% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 30.23 (%).Trend:Decrease 32.94% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 91.77 (%).Trend:Increase 203.57% than previous quarter

Overall: increasing (103.57%). 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 18.55 (%).Trend:Decrease 38.74% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 14.28 (%).Trend:Decrease 23.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 42.12 (%).Trend:Increase 194.96% than previous quarter

Overall: increasing (127.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.42 (%).Trend:Increase 3.64% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.46 (%).Trend:Increase 1.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.21 (%).Trend:Decrease 7.23% than previous quarter

Overall: decreasing (-6.14%). Fluctuation: **Little** (low 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 17.66 (%).Trend:Increase 28.16% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 20.98 (%).Trend:Increase 18.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 19.02 (%).Trend:Decrease 9.34% than previous quarter

Overall: increasing (7.7%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency in Q2 2022 to Q1 2023 showed significant fluctuations. Liabilities on revenue increased substantially in Q1 2023, while current assets on revenue also increased considerably. Cost efficiency trends saw a slight decrease in the SG&A expense ratio while the ratio of retained earnings to revenue increased significantly in Q1 2023.  Invest efficiency trends show a slight overall increase in retained earnings on assets with little variation.