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 37.7 (%).Trend:Decrease 55.91% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.78 (%).Trend:Decrease 42.23% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 50.35 (%).Trend:Increase 131.18% than previous quarter

Overall: increasing (33.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 95.98 (%).Trend:Decrease 49.03% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 64.5 (%).Trend:Decrease 32.8% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 176.7 (%).Trend:Increase 173.95% than previous quarter

Overall: increasing (84.1%). 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 -260.08 (%).Trend:Decrease 49.22% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -169.01 (%).Trend:Decrease 35.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -382.59 (%).Trend:Increase 126.37% than previous quarter

Overall: decreasing (47.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.57 (%).Trend:Increase 2.45% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.55 (%).Trend:Increase 1.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 50.21 (%).Trend:Decrease 7.96% than previous quarter

Overall: decreasing (-6.27%). 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 -99.65 (%).Trend:Decrease 0.08% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -98.81 (%).Trend:Decrease 0.84% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -91.28 (%).Trend:Decrease 7.62% than previous quarter

Overall: increasing (-8.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.28 (USD).Trend:Increase 75.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.4 (USD).Trend:Increase 42.86% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.28 (USD).Trend:Decrease 30.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Neutral** (moderate variation).



Analysis of financial statements from Q2 2022 to Q1 2023 reveals significant volatility. Liabilities on revenue increased from Q2 to Q1 2023 by 33.55% with considerable fluctuation.  Current assets on revenue also increased substantially with high variation.  The ratio of retained earnings to revenue decreased across the three quarters by 47.1%.  SG&A expense ratio decreased slightly. Retained earnings on assets increased, but with a notable fluctuation. Earning per share remained stable.  The data indicates substantial swings in performance across different metrics.