Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 37.62 (%).Trend:Decrease 42.49% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.3 (%).Trend:Decrease 32.75% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.93 (%).Trend:Increase 156.64% than previous quarter

Overall: increasing (72.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 249.58 (%).Trend:Decrease 46.82% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 146.94 (%).Trend:Decrease 41.13% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 482.71 (%).Trend:Increase 228.51% than previous quarter

Overall: increasing (93.41%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 405.29 (%).Trend:Decrease 45.46% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 244.82 (%).Trend:Decrease 39.59% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 705.47 (%).Trend:Increase 188.16% than previous quarter

Overall: increasing (74.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.92 (%).Trend:Increase 1.38% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 0.29% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Decrease 1.43% than previous quarter

Overall: decreasing (-1.15%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2022 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 52.99 (%).Trend:Increase 4.25% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 53.12 (%).Trend:Increase 0.25% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 48.88 (%).Trend:Decrease 7.98% than previous quarter

Overall: decreasing (-7.76%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q1 2022 to Q1 2023 show substantial changes in key financial metrics.  Working capital, measured by liabilities and current assets on revenue, demonstrates significant fluctuations, increasing sharply in Q1 2023.  Cost efficiency, reflected in the ratio of retained earnings to revenue, also increased noticeably in Q1 2023.  However, SG&A expenses slightly decreased in Q1 2023, while investment efficiency (retained earnings on assets) declined. The data suggests major shifts in strategies affecting working capital and cost, with varying impacts on investment efficiency.