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 57.55 (%).Trend:Decrease 43.38% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 34.5 (%).Trend:Decrease 40.05% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 99.05 (%).Trend:Increase 187.1% than previous quarter

Overall: increasing (72.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 95.56 (%).Trend:Decrease 48.09% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 61.73 (%).Trend:Decrease 35.4% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 206.15 (%).Trend:Increase 233.95% than previous quarter

Overall: increasing (115.73%). 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 46.26 (%).Trend:Decrease 44.14% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 33.34 (%).Trend:Decrease 27.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 129.22 (%).Trend:Increase 287.58% than previous quarter

Overall: increasing (179.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.7 (%).Trend:Decrease 2.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.12 (%).Trend:Decrease 12.34% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.35 (%).Trend:Increase 29.85% than previous quarter

Overall: increasing (13.83%). 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 22.45 (%).Trend:Increase 5.7% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.83 (%).Trend:Increase 15.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 28.89 (%).Trend:Increase 11.85% than previous quarter

Overall: increasing (28.69%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.21 (USD).Trend:Increase 72.86% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.46 (USD).Trend:Increase 103.31% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 92.68% than previous quarter

Overall: decreasing (-85.12%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 shows significant fluctuations.  Liabilities and current assets on revenue have increased, while the ratio of retained earnings to revenue has also increased substantially.  Selling, general and administrative expenses show a neutral increase, while investment efficiency shows a slow, steady increase, and earnings per share display a substantial decrease overall.