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 32.22 (%).Trend:Decrease 48.15% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.47 (%).Trend:Decrease 36.47% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.01 (%).Trend:Increase 149.19% than previous quarter

Overall: increasing (58.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 83.75 (%).Trend:Decrease 50.21% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 56.39 (%).Trend:Decrease 32.67% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 161.01 (%).Trend:Increase 185.53% than previous quarter

Overall: increasing (92.25%). 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 60.29 (%).Trend:Decrease 52.75% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 39.19 (%).Trend:Decrease 35.0% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 125.69 (%).Trend:Increase 220.72% than previous quarter

Overall: increasing (108.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.35 (%).Trend:Decrease 0.56% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.25 (%).Trend:Decrease 1.87% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.67 (%).Trend:Increase 8.0% than previous quarter

Overall: increasing (5.98%). 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 35.86 (%).Trend:Decrease 3.21% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 34.92 (%).Trend:Decrease 2.62% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 37.58 (%).Trend:Increase 7.62% than previous quarter

Overall: increasing (4.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 12.28 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 18.6 (USD).Trend:Increase 51.47% than previous quarter
Year 2023 Quarter 1: Earning Per Share 10.09 (USD).Trend:Decrease 45.75% than previous quarter

Overall: decreasing (-17.83%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 reveal a mixed picture.  Working capital metrics—liabilities and current assets on revenue—show significant increases, indicating improvement in short-term financial health.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also increases markedly, implying a potential recovery in profitability.  However, the earnings per share show a significant decline, which warrants further examination. The overall positive trends in working capital and cost efficiency partially offset by the decreased earnings per share.