Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 2 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 450.21 (%).Trend:Decrease 56.6% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 308.82 (%).Trend:Decrease 31.41% than previous quarter
Year 2023 Quarter 2: Liabilities on Revenue 339.09 (%).Trend:Increase 9.8% than previous quarter

Overall: decreasing (-24.68%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 482.58 (%).Trend:Decrease 56.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 316.6 (%).Trend:Decrease 34.39% than previous quarter
Year 2023 Quarter 2: Current assets on Revenue 360.49 (%).Trend:Increase 13.86% than previous quarter

Overall: decreasing (-25.3%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 2 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -617.56 (%).Trend:Decrease 44.3% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -421.08 (%).Trend:Decrease 31.82% than previous quarter
Year 2023 Quarter 2: Ratio of Retained Earnings to Revenue -448.38 (%).Trend:Increase 6.48% than previous quarter

Overall: increasing (-27.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2022 to Quater 2 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets -69.85 (%).Trend:Increase 16.47% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -71.63 (%).Trend:Increase 2.55% than previous quarter
Year 2023 Quarter 2: Retained Earning on Assets -70.98 (%).Trend:Decrease 0.91% than previous quarter

Overall: decreasing (1.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.44 (USD).Trend:Increase 193.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.67 (USD).Trend:Increase 52.27% than previous quarter
Year 2023 Quarter 2: Earning Per Share -0.17 (USD).Trend:Decrease 74.63% than previous quarter

Overall: increasing (-61.36%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2022 to Q2 2023 show a decreasing trend in working capital efficiency, with liabilities and current assets on revenue declining overall.  Cost efficiency, however, indicates an increasing ratio of retained earnings to revenue, a factor potentially offsetting the working capital concerns.  Investment efficiency reveals a downward trend in retained earnings on assets, while earnings per share show a mix of increases and decreases, but overall, an increasing trend. The significant fluctuations in various metrics suggest potential instability or need for further analysis.