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 36.69 (%).Trend:Decrease 57.01% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.01 (%).Trend:Decrease 15.48% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.06 (%).Trend:Increase 148.5% than previous quarter

Overall: increasing (110.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.55 (%).Trend:Decrease 47.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 35.15 (%).Trend:Decrease 33.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 91.64 (%).Trend:Increase 160.71% than previous quarter

Overall: increasing (74.39%). 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 -602.82 (%).Trend:Decrease 52.14% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -398.44 (%).Trend:Decrease 33.9% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1094.92 (%).Trend:Increase 174.8% than previous quarter

Overall: decreasing (81.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.43 (%).Trend:Decrease 4.62% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.72 (%).Trend:Increase 2.16% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.5 (%).Trend:Decrease 16.18% than previous quarter

Overall: decreasing (-14.37%). 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 -95.71 (%).Trend:Increase 0.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -95.83 (%).Trend:Increase 0.13% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -96.05 (%).Trend:Increase 0.23% than previous quarter

Overall: decreasing (0.36%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2022 to Q1 2023 reveals significant fluctuations. Liabilities and current assets on revenue display increases but with substantial quarter-to-quarter variations. Cost efficiency, as measured by the ratio of retained earnings to revenue, is showing a notable decreasing trend. The selling, general, and administrative (SG&A) expense ratio displays a modest decline. Investment efficiency remains a concern with a slightly declining trend in retained earnings on assets.