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 32.59 (%).Trend:Decrease 48.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.94 (%).Trend:Decrease 41.88% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 51.7 (%).Trend:Increase 172.97% than previous quarter

Overall: increasing (58.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 40.45 (%).Trend:Decrease 45.96% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 26.58 (%).Trend:Decrease 34.29% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 86.13 (%).Trend:Increase 224.04% than previous quarter

Overall: increasing (112.93%). 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 30.43 (%).Trend:Decrease 47.6% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 22.24 (%).Trend:Decrease 26.91% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 78.3 (%).Trend:Increase 252.07% than previous quarter

Overall: increasing (157.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.0 (%).Trend:Decrease 3.06% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.17 (%).Trend:Increase 0.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.6 (%).Trend:Increase 1.64% than previous quarter

Overall: increasing (2.31%). Fluctuation: **Little** (low variation).


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 25.48 (%).Trend:Increase 7.06% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 28.61 (%).Trend:Increase 12.28% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.39 (%).Trend:Increase 13.21% than previous quarter

Overall: increasing (27.12%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 41.2 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 66.54 (USD).Trend:Increase 61.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 25.2 (USD).Trend:Decrease 62.13% than previous quarter

Overall: decreasing (-38.83%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2022 to Q1 2023 show significant fluctuations in working capital efficiency, with liabilities and current assets on revenue increasing overall. Cost efficiency shows a significant increase in the retained earnings to revenue ratio.  SG&A expenses show a slight overall increase. Investment efficiency shows a neutral trend in retained earnings on assets with a decrease in earnings per share.