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 32.72 (%).Trend:Decrease 49.17% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.09 (%).Trend:Decrease 38.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 83.09 (%).Trend:Increase 313.59% than previous quarter

Overall: increasing (153.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 107.89 (%).Trend:Decrease 53.33% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 70.95 (%).Trend:Decrease 34.24% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 270.99 (%).Trend:Increase 281.95% than previous quarter

Overall: increasing (151.17%). 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 126.27 (%).Trend:Decrease 56.18% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 84.22 (%).Trend:Decrease 33.3% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 332.51 (%).Trend:Increase 294.81% than previous quarter

Overall: increasing (163.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 50.61 (%).Trend:Decrease 9.33% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 49.65 (%).Trend:Decrease 1.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 61.87 (%).Trend:Increase 24.61% than previous quarter

Overall: increasing (22.25%). 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 61.6 (%).Trend:Decrease 1.79% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 63.22 (%).Trend:Increase 2.63% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 65.0 (%).Trend:Increase 2.82% than previous quarter

Overall: increasing (5.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.2 (USD).Trend:Decrease 433.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.37 (USD).Trend:Increase 85.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.21 (USD).Trend:Decrease 156.76% than previous quarter

Overall: decreasing (-205.0%). Fluctuation: **Significant** (high variation).



Financial statement analysis for Q2 2022 to Q1 2023 reveals significant fluctuation across various metrics. Working capital efficiency shows a surprising increase in liabilities and current assets on revenue with large variations. Cost efficiency, specifically the ratio of retained earnings to revenue, experiences substantial upward movement yet significant variation.  SG&A expense ratio displays a modest increase, with moderate variation. Investment efficiency exhibits a steady upward trend, showing little variation. Earnings per share, however, shows a substantial negative overall trend, displaying noteworthy inconsistency.