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 180.54 (%).Trend:Decrease 43.68% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 79.05 (%).Trend:Decrease 56.21% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 200.39 (%).Trend:Increase 153.5% than previous quarter

Overall: increasing (10.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 221.05 (%).Trend:Decrease 57.52% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 97.34 (%).Trend:Decrease 55.96% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 278.33 (%).Trend:Increase 185.94% than previous quarter

Overall: increasing (25.91%). 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 -756.31 (%).Trend:Decrease 49.44% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -467.85 (%).Trend:Decrease 38.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1268.66 (%).Trend:Increase 171.17% than previous quarter

Overall: decreasing (67.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.74 (%).Trend:Decrease 1.06% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.9 (%).Trend:Decrease 9.93% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.44 (%).Trend:Decrease 10.16% than previous quarter

Overall: decreasing (-19.08%). 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 -131.75 (%).Trend:Increase 6.58% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -157.71 (%).Trend:Increase 19.7% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -173.78 (%).Trend:Increase 10.19% than previous quarter

Overall: decreasing (31.9%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -3.91 (USD).Trend:Increase 119.66% than previous quarter
Year 2022 Quarter 3: Earning Per Share -5.43 (USD).Trend:Increase 38.87% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.88 (USD).Trend:Decrease 65.38% than previous quarter

Overall: increasing (-51.92%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2022 to Q1 2023, liabilities on revenue and current assets on revenue increased by 10.99% and 25.91% respectively, with significant fluctuations. The ratio of retained earnings to revenue decreased (-67.74%), while the SG&A expense ratio decreased (-19.08%), showing neutral fluctuation. Retained earnings on assets decreased (-31.9%), and earnings per share increased (-51.92%), both with significant fluctuations.