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 56.51 (%).Trend:Decrease 46.83% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 33.0 (%).Trend:Decrease 41.6% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 89.7 (%).Trend:Increase 171.82% than previous quarter

Overall: increasing (58.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 71.33 (%).Trend:Decrease 44.51% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 46.55 (%).Trend:Decrease 34.74% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 118.4 (%).Trend:Increase 154.35% than previous quarter

Overall: increasing (65.99%). 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 48.38 (%).Trend:Decrease 47.23% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.24 (%).Trend:Decrease 29.23% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 110.69 (%).Trend:Increase 223.28% than previous quarter

Overall: increasing (128.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 24.41 (%).Trend:Increase 0.74% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.94 (%).Trend:Increase 6.27% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 28.65 (%).Trend:Increase 10.45% than previous quarter

Overall: increasing (17.37%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.45 (USD).Trend:Increase 116.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.17 (USD).Trend:Increase 49.66% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.67 (USD).Trend:Decrease 69.12% than previous quarter

Overall: decreasing (-53.79%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023, financial performance shows considerable volatility. Liabilities on revenue and current assets on revenue saw initial decreases, then increased significantly in Q1 2023, suggesting a potential recovery in working capital. Cost efficiency, measured by the ratio of retained earnings to revenue, also increased sharply in Q1 2023.  Meanwhile, investment efficiency shows a stable, albeit modest, increase in retained earnings on assets over the three quarters. Earnings per share exhibited considerable instability, declining in Q1 2023 after increases in the previous two quarters.