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 33.55 (%).Trend:Decrease 53.47% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.01 (%).Trend:Decrease 28.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 83.99 (%).Trend:Increase 249.81% than previous quarter

Overall: increasing (150.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 24.87 (%).Trend:Decrease 58.49% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 18.82 (%).Trend:Decrease 24.33% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 58.48 (%).Trend:Increase 210.73% than previous quarter

Overall: increasing (135.14%). 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 57.29 (%).Trend:Decrease 49.27% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 38.53 (%).Trend:Decrease 32.75% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 100.84 (%).Trend:Increase 161.72% than previous quarter

Overall: increasing (76.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.15 (%).Trend:Increase 1.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.92 (%).Trend:Increase 4.02% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.42 (%).Trend:Increase 97.89% than previous quarter

Overall: increasing (105.85%). Fluctuation: **Significant** (high 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 41.82 (%).Trend:Increase 5.42% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 41.65 (%).Trend:Decrease 0.41% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 36.25 (%).Trend:Decrease 12.97% than previous quarter

Overall: decreasing (-13.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 5.16 (USD).Trend:Increase 24.94% than previous quarter
Year 2022 Quarter 3: Earning Per Share 5.5 (USD).Trend:Increase 6.59% than previous quarter
Year 2023 Quarter 1: Earning Per Share -4.0 (USD).Trend:Decrease 172.73% than previous quarter

Overall: decreasing (-177.52%). Fluctuation: **Significant** (high variation).



Analysis from Q2 2022 to Q1 2023 reveals substantial increases in liabilities and current assets relative to revenue, along with a sharp rise in SG&A expenses and retained earnings ratio.  However, retained earnings on assets declined modestly.  Earnings per share decreased dramatically, highlighting high financial instability.