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 25.28 (%).Trend:Decrease 48.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.14 (%).Trend:Decrease 28.24% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 50.64 (%).Trend:Increase 179.16% than previous quarter

Overall: increasing (100.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 49.78% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 50.12 (%).Trend:Decrease 33.08% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 130.33 (%).Trend:Increase 160.04% than previous quarter

Overall: increasing (74.03%). 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 88.7 (%).Trend:Decrease 51.19% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 58.27 (%).Trend:Decrease 34.31% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 144.49 (%).Trend:Increase 147.97% than previous quarter

Overall: increasing (62.9%). 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 63.64 (%).Trend:Increase 0.74% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 64.77 (%).Trend:Increase 1.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 64.17 (%).Trend:Decrease 0.93% than previous quarter

Overall: increasing (0.83%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.88 (USD).Trend:Increase 79.59% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.33 (USD).Trend:Increase 51.14% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 71.43% than previous quarter

Overall: decreasing (-56.82%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant volatility in working capital efficiency, with liabilities on revenue increasing dramatically in Q1 2022 before fluctuating considerably throughout the reporting period. Current assets on revenue display a similar pattern of substantial increase in Q1 2022, followed by decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibits substantial fluctuation.  Conversely, investment efficiency shows a more consistent, albeit slight, increase in retained earnings on assets over the three quarters.  Earnings per share reveal a significant decline in Q1 2022, followed by a significant upward trend, indicating a significant and volatile period of growth and contraction in earnings.