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 49.59 (%).Trend:Decrease 52.5% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.35 (%).Trend:Decrease 60.98% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 57.2 (%).Trend:Increase 195.61% than previous quarter

Overall: increasing (15.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 230.54 (%).Trend:Decrease 50.91% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 138.11 (%).Trend:Decrease 40.09% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 135.61 (%).Trend:Decrease 1.81% than previous quarter

Overall: decreasing (-41.18%). 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 57.3 (%).Trend:Decrease 51.52% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 37.75 (%).Trend:Decrease 34.12% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 78.97 (%).Trend:Increase 109.19% than previous quarter

Overall: increasing (37.82%). Fluctuation: **Significant** (high variation).

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

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 6.79 (%).Trend:Decrease 1.45% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.74 (%).Trend:Decrease 0.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 5.3 (%).Trend:Decrease 21.36% than previous quarter

Overall: decreasing (-21.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 166.67% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.14 (USD).Trend:Increase 75.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.16 (USD).Trend:Increase 14.29% than previous quarter

Overall: decreasing (100.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased substantially in Q1 2023, but decreased in the following quarters. Current assets on revenue have been declining throughout the period, with significant fluctuations. Cost efficiency also displays significant variation; the ratio of retained earnings to revenue has increased and decreased in each quarter. Investment efficiency shows a consistent decline in retained earnings on assets. Earnings per share are negative and declining, with large fluctuations. Overall, the financial performance is volatile and needs further analysis.