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 48.63 (%).Trend:Decrease 19.14% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.35 (%).Trend:Decrease 21.14% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 49.67 (%).Trend:Increase 29.52% than previous quarter

Overall: increasing (2.14%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 39.81 (%).Trend:Decrease 46.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 29.48 (%).Trend:Decrease 25.95% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 71.11 (%).Trend:Increase 141.21% than previous quarter

Overall: increasing (78.62%). 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 -40.61 (%).Trend:Decrease 55.37% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -36.33 (%).Trend:Decrease 10.54% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 5.55 (%).Trend:Decrease 115.28% than previous quarter

Overall: increasing (-113.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.11 (%).Trend:Decrease 11.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.08 (%).Trend:Decrease 2.7% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.51 (%).Trend:Increase 39.81% than previous quarter

Overall: increasing (36.04%). 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 -15.28 (%).Trend:Decrease 12.13% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -20.35 (%).Trend:Increase 33.18% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.98 (%).Trend:Decrease 104.82% than previous quarter

Overall: increasing (-106.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.49 (USD).Trend:Decrease 85.63% than previous quarter
Year 2022 Quarter 3: Earning Per Share -9.94 (USD).Trend:Increase 1928.57% than previous quarter
Year 2023 Quarter 1: Earning Per Share 22.28 (USD).Trend:Decrease 324.14% than previous quarter

Overall: increasing (-4646.94%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 shows mixed results.  Liabilities on revenue show an overall slight increase, but current assets on revenue significantly increased.  The ratio of retained earnings to revenue shows an increase, with significant fluctuation.  The SG&A expense ratio is overall increasing with moderate fluctuation.  Investment efficiency shows a considerable fluctuation in retained earnings on assets and a significant decrease in earnings per share. The data indicates instability and a need for further analysis of performance drivers.