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 49.82 (%).Trend:Decrease 46.36% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.09 (%).Trend:Decrease 29.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 152.58 (%).Trend:Increase 334.82% than previous quarter

Overall: increasing (206.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 221.75 (%).Trend:Decrease 49.46% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 145.17 (%).Trend:Decrease 34.53% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 433.9 (%).Trend:Increase 198.89% than previous quarter

Overall: increasing (95.67%). 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 -104.99 (%).Trend:Decrease 29.08% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -93.06 (%).Trend:Decrease 11.36% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -322.99 (%).Trend:Increase 247.08% than previous quarter

Overall: decreasing (207.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.91 (%).Trend:Increase 0.39% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.0 (%).Trend:Increase 4.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.28 (%).Trend:Decrease 5.91% than previous quarter

Overall: decreasing (-1.43%). 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 -40.22 (%).Trend:Increase 36.99% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -53.71 (%).Trend:Increase 33.54% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -69.07 (%).Trend:Increase 28.6% than previous quarter

Overall: decreasing (71.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.33 (USD).Trend:Increase 94.12% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.5 (USD).Trend:Increase 51.52% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.1 (USD).Trend:Decrease 80.0% than previous quarter

Overall: increasing (-69.7%). Fluctuation: **Significant** (high variation).



Financial statements show significant volatility. Liabilities and current assets on revenue initially decreased, then increased sharply in Q1 2023, but then decreased again in Q2, indicating substantial fluctuations.  The ratio of retained earnings to revenue shows a significant negative decrease with high variation. SG&A expense ratio is relatively stable, decreasing slightly.  Investment efficiency and earnings per share display sizable decreases with significant quarter-to-quarter fluctuations.