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 36.57 (%).Trend:Decrease 44.95% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.88 (%).Trend:Decrease 40.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.81 (%).Trend:Increase 255.62% than previous quarter

Overall: increasing (112.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.52 (%).Trend:Decrease 46.99% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 30.88 (%).Trend:Decrease 41.2% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 124.61 (%).Trend:Increase 303.53% than previous quarter

Overall: increasing (137.26%). 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 34.82 (%).Trend:Decrease 37.71% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 27.77 (%).Trend:Decrease 20.25% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 127.67 (%).Trend:Increase 359.74% than previous quarter

Overall: increasing (266.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.0 (%).Trend:Decrease 5.66% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.0 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.06 (%).Trend:Increase 51.5% than previous quarter

Overall: increasing (51.5%). 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 20.38 (%).Trend:Increase 26.98% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.0 (%).Trend:Increase 22.67% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 29.04 (%).Trend:Increase 16.16% than previous quarter

Overall: increasing (42.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 5.37 (USD).Trend:Increase 111.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.62 (USD).Trend:Increase 41.9% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.19 (USD).Trend:Decrease 84.38% than previous quarter

Overall: decreasing (-77.84%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 indicates significant fluctuations. Liabilities and current assets on revenue display increases in Q1 2023.  The ratio of retained earnings to revenue exhibits a large increase in Q1 2023. The SG&A expense ratio increases in Q1 2023. Investment efficiency shows a moderate increase in retained earnings on assets. Earnings per share (EPS) reveals a considerable decrease in Q1 2023 followed by a slight increase.