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 533.75 (%).Trend:Decrease 70.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 714.92 (%).Trend:Increase 33.94% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 982.69 (%).Trend:Increase 37.45% than previous quarter

Overall: increasing (84.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 555.28 (%).Trend:Decrease 69.87% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 727.58 (%).Trend:Increase 31.03% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1010.42 (%).Trend:Increase 38.87% than previous quarter

Overall: increasing (81.97%). 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 73.4 (%).Trend:Decrease 50.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 50.05 (%).Trend:Decrease 31.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 145.16 (%).Trend:Increase 190.03% than previous quarter

Overall: increasing (97.77%). 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 10.66 (%).Trend:Increase 52.72% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.12 (%).Trend:Decrease 42.59% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 11.51 (%).Trend:Increase 88.07% than previous quarter

Overall: increasing (7.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 32.14% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.38 (USD).Trend:Increase 86.49% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.55 (USD).Trend:Decrease 60.14% than previous quarter

Overall: decreasing (-25.68%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2022 to Q1 2023 reveals varied performance trends. Working capital efficiency, measured by liabilities and current assets on revenue, is increasing overall but with significant quarterly fluctuations. Cost efficiency, represented by the retained earnings to revenue ratio, shows a marked increase.  Investment efficiency also displays a slight increase overall, but remains erratic. Earnings per share are decreasing, which is a concern amidst the significant quarterly fluctuations. Overall, the results indicate a period of considerable financial volatility.