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 61.95 (%).Trend:Decrease 52.63% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 45.74 (%).Trend:Decrease 26.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 121.59 (%).Trend:Increase 165.83% than previous quarter

Overall: increasing (96.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 88.12 (%).Trend:Decrease 49.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 53.97 (%).Trend:Decrease 38.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.49 (%).Trend:Increase 180.69% than previous quarter

Overall: increasing (71.91%). 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 -47.56 (%).Trend:Decrease 56.17% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -31.16 (%).Trend:Decrease 34.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -90.92 (%).Trend:Increase 191.78% than previous quarter

Overall: decreasing (91.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.57 (%).Trend:Decrease 3.89% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.56 (%).Trend:Increase 3.04% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.5 (%).Trend:Increase 2.8% than previous quarter

Overall: increasing (5.93%). 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 -15.02 (%).Trend:Decrease 9.19% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -13.8 (%).Trend:Decrease 8.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -13.75 (%).Trend:Decrease 0.36% than previous quarter

Overall: increasing (-8.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 121.21% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 19.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.07 (USD).Trend:Decrease 91.95% than previous quarter

Overall: decreasing (-90.41%). Fluctuation: **Significant** (high variation).



Financial statement analysis reveals substantial fluctuations across key performance indicators (KPIs) from Q2 2022 to Q1 2023.  Liabilities on revenue and current assets on revenue demonstrate significant increases and decreases, suggesting instability in working capital management.  Retained earnings show a substantial negative trend across revenue. SG&A expense ratios are relatively stable.  Retained earnings on assets show a slight overall upward trend, but significant fluctuations.  Earnings per share show a drastic and unfavorable drop, pointing to an urgent need for improved financial performance metrics.