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 75.18 (%).Trend:Decrease 26.45% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 56.54 (%).Trend:Decrease 24.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 123.95 (%).Trend:Increase 119.23% than previous quarter

Overall: increasing (64.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 37.63 (%).Trend:Decrease 45.54% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 28.72 (%).Trend:Decrease 23.68% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 100.76 (%).Trend:Increase 250.84% than previous quarter

Overall: increasing (167.77%). 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 -123.15 (%).Trend:Decrease 51.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -84.81 (%).Trend:Decrease 31.13% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -250.1 (%).Trend:Increase 194.89% than previous quarter

Overall: decreasing (103.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.82 (%).Trend:Decrease 1.31% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.52 (%).Trend:Decrease 0.97% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.67 (%).Trend:Decrease 6.06% than previous quarter

Overall: decreasing (-6.98%). 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 -22.37 (%).Trend:Decrease 3.24% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -22.93 (%).Trend:Increase 2.5% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -22.98 (%).Trend:Increase 0.22% than previous quarter

Overall: decreasing (2.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.32 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.04 (USD).Trend:Decrease 87.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 600.0% than previous quarter

Overall: decreasing (-162.5%). Fluctuation: **Significant** (high variation).



The financial statements show substantial fluctuations in various efficiency metrics. Working capital efficiency exhibits an increasing trend in liabilities and current assets, indicating potential improvement but high volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, displays a declining trend, but again with significant variability. SG&A expense ratio shows a modest decline, suggesting consistent cost-cutting efforts. Invest efficiency demonstrates a slight decline in retained earnings on assets, but with notable fluctuations. Earnings per share have shown a substantial decrease, suggesting a negative earnings trend.