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 45.92 (%).Trend:Decrease 49.93% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.77 (%).Trend:Decrease 35.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 85.01 (%).Trend:Increase 185.56% than previous quarter

Overall: increasing (85.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 91.81 (%).Trend:Decrease 49.84% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 58.34 (%).Trend:Decrease 36.46% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 169.17 (%).Trend:Increase 189.97% than previous quarter

Overall: increasing (84.26%). 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 50.23 (%).Trend:Decrease 48.59% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.92 (%).Trend:Decrease 30.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 105.44 (%).Trend:Increase 201.95% than previous quarter

Overall: increasing (109.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.59 (%).Trend:Decrease 4.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.52 (%).Trend:Decrease 0.66% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.6 (%).Trend:Increase 0.76% than previous quarter

Overall: increasing (0.09%). 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 34.89 (%).Trend:Increase 4.71% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 37.54 (%).Trend:Increase 7.6% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 39.71 (%).Trend:Increase 5.78% than previous quarter

Overall: increasing (13.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.82 (USD).Trend:Increase 145.95% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.02 (USD).Trend:Increase 65.93% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.66 (USD).Trend:Decrease 45.03% than previous quarter

Overall: decreasing (-8.79%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 indicate a mixed performance. Working capital efficiency shows a positive overall trend, with liabilities on revenue and current assets on revenue both increasing in the period. Cost efficiency displays substantial variation. The ratio of retained earnings to revenue is up significantly, but overall, cost efficiency demonstrates significant fluctuations. SG&A expense ratio shows minor fluctuation. Investment efficiency consistently shows modest positive growth in retained earnings on assets. Earnings per share, however, declined in Q1 2023, exhibiting considerable variation.