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 16.11 (%).Trend:Decrease 45.22% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 10.25 (%).Trend:Decrease 36.37% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 35.0 (%).Trend:Increase 241.46% than previous quarter

Overall: increasing (117.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 66.58 (%).Trend:Decrease 52.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.14 (%).Trend:Decrease 33.7% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 118.31 (%).Trend:Increase 168.03% than previous quarter

Overall: increasing (77.7%). 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 132.73 (%).Trend:Decrease 54.04% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 83.81 (%).Trend:Decrease 36.86% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 174.59 (%).Trend:Increase 108.32% than previous quarter

Overall: increasing (31.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.05 (%).Trend:Decrease 6.99% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 4.9% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.14 (%).Trend:Decrease 34.41% than previous quarter

Overall: decreasing (-37.62%). 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 77.85 (%).Trend:Decrease 1.53% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 77.42 (%).Trend:Decrease 0.55% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 73.93 (%).Trend:Decrease 4.51% than previous quarter

Overall: decreasing (-5.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.34 (USD).Trend:Decrease 8.11% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.46 (USD).Trend:Decrease 235.29% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.58 (USD).Trend:Increase 460.87% than previous quarter

Overall: increasing (-858.82%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 exhibits significant fluctuations. Liabilities on revenue increased sharply in Q1 2023 after consistent decreases. Current assets on revenue show similar large swings with a strong increase in Q1 2023.  The ratio of retained earnings to revenue shows a significant increase in Q1 2023 after a consistent decline, while SG&A expenses have generally decreased. Investment efficiency (retained earnings on assets) shows a steady, small decline, and earnings per share see a large increase in Q1 2023, following negative figures.