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 54.84 (%).Trend:Decrease 54.0% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.03 (%).Trend:Decrease 56.18% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 108.92 (%).Trend:Increase 353.27% than previous quarter

Overall: increasing (98.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 100.47 (%).Trend:Decrease 53.61% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 56.19 (%).Trend:Decrease 44.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 216.28 (%).Trend:Increase 284.91% than previous quarter

Overall: increasing (115.27%). 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 35.14 (%).Trend:Decrease 49.55% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 25.83 (%).Trend:Decrease 26.49% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 92.18 (%).Trend:Increase 256.87% than previous quarter

Overall: increasing (162.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.16 (%).Trend:Decrease 7.83% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.16 (%).Trend:Decrease 2.62% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.47 (%).Trend:Increase 30.44% than previous quarter

Overall: increasing (27.02%). 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 23.76 (%).Trend:Increase 12.66% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 30.13 (%).Trend:Increase 26.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 27.73 (%).Trend:Decrease 7.97% than previous quarter

Overall: increasing (16.71%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.83 (USD).Trend:Increase 186.21% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.36 (USD).Trend:Increase 63.86% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 91.18% than previous quarter

Overall: decreasing (-85.54%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 reveal mixed performance. Working capital efficiency, measured by liabilities and current assets on revenue, shows increases with significant fluctuations.  Cost efficiency, as represented by the ratio of retained earnings to revenue, demonstrates a substantial increase.  The SG&A expense ratio displays a positive trend. Investment efficiency (retained earnings on assets) shows a moderate increase, while earnings per share (EPS) shows a notable decrease, despite some earlier gains.