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 130.05 (%).Trend:Increase 0.53% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.41 (%).Trend:Decrease 32.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 87.99 (%).Trend:Increase 0.66% than previous quarter

Overall: decreasing (-32.34%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 260.05 (%).Trend:Decrease 32.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 174.26 (%).Trend:Decrease 32.99% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 252.47 (%).Trend:Increase 44.88% than previous quarter

Overall: decreasing (-2.91%). Fluctuation: **Neutral** (moderate 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 80.52 (%).Trend:Decrease 48.33% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 54.4 (%).Trend:Decrease 32.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 94.74 (%).Trend:Increase 74.15% than previous quarter

Overall: increasing (17.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Decrease 9.75% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.74 (%).Trend:Decrease 1.73% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.83 (%).Trend:Increase 41.32% than previous quarter

Overall: increasing (38.87%). 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 16.86 (%).Trend:Decrease 11.36% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 17.02 (%).Trend:Increase 0.95% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 9.21 (%).Trend:Decrease 45.89% than previous quarter

Overall: decreasing (-45.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.02 (USD).Trend:Increase 88.89% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 29.41% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 142.42% than previous quarter

Overall: decreasing (-154.9%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show a mixed performance. Liabilities on revenue decreased, while current assets on revenue showed a slight decrease, suggesting potential improvement in working capital efficiency. The ratio of retained earnings to revenue improved, indicating an upturn in cost efficiency. However, selling, general, and administrative (SG&A) expenses rose.  Investment efficiency worsened significantly with a decline in retained earnings on assets. Earnings per share declined substantially.