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 97.13 (%).Trend:Decrease 53.15% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 79.03 (%).Trend:Decrease 18.63% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 266.99 (%).Trend:Increase 237.83% than previous quarter

Overall: increasing (174.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 97.82 (%).Trend:Decrease 57.11% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 69.22 (%).Trend:Decrease 29.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 235.43 (%).Trend:Increase 240.12% than previous quarter

Overall: increasing (140.68%). 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 42.71 (%).Trend:Decrease 41.5% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 30.41 (%).Trend:Decrease 28.8% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 111.29 (%).Trend:Increase 265.97% than previous quarter

Overall: increasing (160.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.9 (%).Trend:Increase 5.43% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.3 (%).Trend:Increase 3.79% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 42.07 (%).Trend:Increase 9.84% than previous quarter

Overall: increasing (14.01%). 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 9.21 (%).Trend:Increase 23.29% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 9.45 (%).Trend:Increase 2.61% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.21 (%).Trend:Increase 8.04% than previous quarter

Overall: increasing (10.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.62 (USD).Trend:Increase 63.64% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.95 (USD).Trend:Increase 20.37% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 81.54% than previous quarter

Overall: decreasing (-77.78%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2022 to Q1 2023, significant increases are observed in liabilities on revenue (174.88%), current assets on revenue (140.68%), and the ratio of retained earnings to revenue (160.57%).  The SG&A expense ratio increased slightly (14.01%).  However, a sharp decline in earnings per share (-77.78%) is a major concern. Retained earnings on assets increased slightly (10.86%).