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 60.44 (%).Trend:Decrease 45.83% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.59 (%).Trend:Decrease 36.15% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 108.39 (%).Trend:Increase 180.88% than previous quarter

Overall: increasing (79.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 104.07 (%).Trend:Decrease 49.41% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 71.03 (%).Trend:Decrease 31.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 202.02 (%).Trend:Increase 184.42% than previous quarter

Overall: increasing (94.12%). 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 35.63 (%).Trend:Decrease 50.7% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 23.59 (%).Trend:Decrease 33.79% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 61.53 (%).Trend:Increase 160.83% than previous quarter

Overall: increasing (72.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.3 (%).Trend:Increase 3.12% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.08 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.88 (%).Trend:Decrease 4.9% than previous quarter

Overall: decreasing (-9.77%). 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 24.53 (%).Trend:Decrease 2.77% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 24.15 (%).Trend:Decrease 1.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.67 (%).Trend:Decrease 6.13% than previous quarter

Overall: decreasing (-7.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.3 (USD).Trend:Increase 200.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.84 (USD).Trend:Increase 180.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 54.76% than previous quarter

Overall: increasing (26.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show mixed results with some positive trends emerging. Working capital efficiency (liabilities and current assets on revenue) reveals increases but still with significant quarter-to-quarter fluctuations. Cost efficiency (retained earnings-to-revenue ratio) demonstrates similar volatility, increasing despite declines. SG&A expense ratio shows a clear downward trend with low fluctuations.  Investment efficiency and retained earnings on assets experience minor decreases.  Earnings per share (EPS) also exhibits some positive momentum, though with still significant fluctuations, demonstrating increased revenue over the period.