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 44.61 (%).Trend:Decrease 69.69% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 32.36 (%).Trend:Decrease 27.46% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.71 (%).Trend:Increase 121.6% than previous quarter

Overall: increasing (60.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 494.26 (%).Trend:Decrease 60.55% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 303.35 (%).Trend:Decrease 38.63% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 644.91 (%).Trend:Increase 112.6% than previous quarter

Overall: increasing (30.48%). 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 -194.58 (%).Trend:Decrease 55.87% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -142.13 (%).Trend:Decrease 26.96% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -452.22 (%).Trend:Increase 218.17% than previous quarter

Overall: decreasing (132.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 110.15 (%).Trend:Decrease 2.87% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 105.95 (%).Trend:Decrease 3.81% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 111.24 (%).Trend:Increase 4.99% than previous quarter

Overall: increasing (0.99%). 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 -26.19 (%).Trend:Decrease 1.69% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -30.64 (%).Trend:Increase 16.99% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -44.53 (%).Trend:Increase 45.33% than previous quarter

Overall: decreasing (70.03%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -1.02 (USD).Trend:Increase 5.15% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 1.96% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (-1.96%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 reveals significant volatility. Liabilities on revenue initially decreased substantially before increasing in Q1 2023.  Current assets on revenue also decreased, followed by a notable increase in Q1 2023.  Cost efficiency, in the form of the retained earnings to revenue ratio, shows a notable decrease. The SG&A expense ratio, however, is mostly stable over the period. Investment efficiency, measured by retained earnings on assets, is consistently decreasing. Earnings per share remain negative, demonstrating significant fluctuations across the period. Overall, the performance presents a complex picture requiring deeper investigation.