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 23.16 (%).Trend:Decrease 45.68% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.5 (%).Trend:Decrease 46.03% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 46.47 (%).Trend:Increase 271.76% than previous quarter

Overall: increasing (100.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 30.71 (%).Trend:Decrease 53.11% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 15.67 (%).Trend:Decrease 48.97% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 58.76 (%).Trend:Increase 274.98% than previous quarter

Overall: increasing (91.34%). 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 8.77 (%).Trend:Decrease 54.91% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.74 (%).Trend:Decrease 34.55% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 18.99 (%).Trend:Increase 230.84% than previous quarter

Overall: increasing (116.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.26 (%).Trend:Decrease 6.07% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.13 (%).Trend:Decrease 2.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.23 (%).Trend:Increase 40.94% than previous quarter

Overall: increasing (37.45%). 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 11.35 (%).Trend:Decrease 0.26% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 12.64 (%).Trend:Increase 11.37% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.83 (%).Trend:Decrease 14.32% than previous quarter

Overall: decreasing (-4.58%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.24 (USD).Trend:Increase 4.35% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.17 (USD).Trend:Decrease 29.17% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.17 (USD).Trend:Increase 0.0% than previous quarter

Overall: increasing (-29.17%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2022 to Q1 2023 point towards an inconsistent financial performance.  Working capital efficiency shows significant upward trends in liabilities and current assets on revenue, indicating potential growth or improvement in short-term operations but marked by significant fluctuation.  Cost efficiency (retained earnings to revenue and SG&A) also shows upward trends but with significant fluctuations.  Investment efficiency, however, is decreasing, although with a lower level of variation.  Earnings per share continue to be negative and exhibit significant volatility.