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 26.01 (%).Trend:Decrease 50.1% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.51 (%).Trend:Decrease 36.52% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 58.92 (%).Trend:Increase 256.87% than previous quarter

Overall: increasing (126.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 28.61 (%).Trend:Decrease 50.2% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 16.88 (%).Trend:Decrease 41.0% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 65.93 (%).Trend:Increase 290.58% than previous quarter

Overall: increasing (130.44%). 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 16.9 (%).Trend:Decrease 46.77% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 12.5 (%).Trend:Decrease 26.04% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 32.6 (%).Trend:Increase 160.8% than previous quarter

Overall: increasing (92.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.91 (%).Trend:Increase 1.11% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.42 (%).Trend:Increase 4.67% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.82 (%).Trend:Increase 3.5% than previous quarter

Overall: increasing (8.34%). 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 24.36 (%).Trend:Increase 7.08% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 26.96 (%).Trend:Increase 10.67% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.11 (%).Trend:Decrease 17.99% than previous quarter

Overall: decreasing (-9.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 4.81 (USD).Trend:Increase 99.59% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.0 (USD).Trend:Increase 45.53% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 85.71% than previous quarter

Overall: decreasing (-79.21%). Fluctuation: **Significant** (high variation).



Financial review of Q2 2022 to Q1 2023 shows significant volatility. Liabilities and current assets on revenue both increased, though with large variations.  The retained earnings to revenue ratio also increased.  SG&A expense ratio is relatively stable with a small increase overall.  However, retained earnings on assets declined, and earning per share also decreased significantly. The overall picture shows high instability in financial performance.