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 63.04 (%).Trend:Decrease 51.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 46.28 (%).Trend:Decrease 26.59% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 142.41 (%).Trend:Increase 207.71% than previous quarter

Overall: increasing (125.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 54.37 (%).Trend:Decrease 51.96% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 20.31 (%).Trend:Decrease 62.64% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.08 (%).Trend:Increase 230.28% than previous quarter

Overall: increasing (23.38%). 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 54.2 (%).Trend:Decrease 49.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 35.79 (%).Trend:Decrease 33.97% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 101.11 (%).Trend:Increase 182.51% than previous quarter

Overall: increasing (86.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.3 (%).Trend:Decrease 1.8% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.17 (%).Trend:Decrease 0.85% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.95 (%).Trend:Decrease 1.45% than previous quarter

Overall: decreasing (-2.29%). 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 14.62 (%).Trend:Increase 7.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.36 (%).Trend:Decrease 1.78% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 14.71 (%).Trend:Increase 2.44% than previous quarter

Overall: increasing (0.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 127.27% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.06 (USD).Trend:Increase 41.33% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 86.79% than previous quarter

Overall: decreasing (-81.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show significant fluctuations. Liabilities on revenue increased substantially, while current assets on revenue increased, albeit less drastically. The retained earnings-to-revenue ratio also increased considerably. The selling, general, and administrative (SG&A) expense ratio shows a small overall decrease. Investment efficiency shows a steady, minor increase in retained earnings on assets. Earnings per share decreased significantly. These fluctuations suggest underlying issues that demand further investigation.