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 70.5 (%).Trend:Decrease 39.75% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 41.06 (%).Trend:Decrease 41.76% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 101.44 (%).Trend:Increase 147.05% than previous quarter

Overall: increasing (43.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 86.78 (%).Trend:Decrease 44.41% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 52.2 (%).Trend:Decrease 39.85% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 142.95 (%).Trend:Increase 173.85% than previous quarter

Overall: increasing (64.73%). 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 95.29 (%).Trend:Decrease 45.66% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 66.76 (%).Trend:Decrease 29.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 177.58 (%).Trend:Increase 166.0% than previous quarter

Overall: increasing (86.36%). 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 36.41 (%).Trend:Increase 2.97% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 39.25 (%).Trend:Increase 7.8% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 39.61 (%).Trend:Increase 0.92% than previous quarter

Overall: increasing (8.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.72 (USD).Trend:Increase 53.57% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 16.28% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 50.0% than previous quarter

Overall: decreasing (-41.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 shows volatile trends. Working capital efficiency, as measured by liabilities and current assets on revenue, increased overall but with large quarter-to-quarter variations. Cost efficiency, reflected in the ratio of retained earnings to revenue, also showed a significant overall increase. Retained earnings on assets demonstrated a steady increase with little fluctuation. Earnings per share, however, experienced a considerable decline overall.