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 49.97 (%).Trend:Decrease 49.48% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 36.34 (%).Trend:Decrease 27.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 97.3 (%).Trend:Increase 167.75% than previous quarter

Overall: increasing (94.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 63.21 (%).Trend:Decrease 51.26% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.03 (%).Trend:Decrease 30.34% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 138.0 (%).Trend:Increase 213.42% than previous quarter

Overall: increasing (118.32%). 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 79.44 (%).Trend:Decrease 49.87% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 52.37 (%).Trend:Decrease 34.08% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 167.11 (%).Trend:Increase 219.09% than previous quarter

Overall: increasing (110.36%). 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 51.38 (%).Trend:Decrease 0.27% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 50.88 (%).Trend:Decrease 0.97% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 54.74 (%).Trend:Increase 7.59% than previous quarter

Overall: increasing (6.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.25 (USD).Trend:Increase 77.17% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.35 (USD).Trend:Increase 48.89% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.2 (USD).Trend:Decrease 34.33% than previous quarter

Overall: decreasing (-2.22%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q2 2022 to Q1 2023 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased from Q2 to Q3 2022, then increased substantially in Q1 2023. Current assets on revenue also decreased in Q2 and Q3 2022, but increased by a significant margin in Q1 2023.  Cost efficiency, measured by the ratio of retained earnings to revenue, similarly exhibited substantial fluctuations, decreasing from Q2 to Q3 2022, and then significantly increasing in Q1 2023.  Investment efficiency, as measured by retained earnings on assets, showed a slight overall increase with little fluctuation. Earnings per share increased from Q2 to Q3 2022 but decreased in Q1 2023.