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 361.32 (%).Trend:Decrease 52.2% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 157.04 (%).Trend:Decrease 56.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 327.25 (%).Trend:Increase 108.39% than previous quarter

Overall: decreasing (-9.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 109.79 (%).Trend:Decrease 63.39% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 45.49 (%).Trend:Decrease 58.57% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 83.66 (%).Trend:Increase 83.91% than previous quarter

Overall: decreasing (-23.8%). 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 -38.24 (%).Trend:Decrease 43.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -19.36 (%).Trend:Decrease 49.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -60.84 (%).Trend:Increase 214.26% than previous quarter

Overall: decreasing (59.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.6 (%).Trend:Decrease 36.56% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Decrease 22.63% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.97 (%).Trend:Decrease 12.54% than previous quarter

Overall: decreasing (-32.33%). Fluctuation: **Neutral** (moderate 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 -3.65 (%).Trend:Increase 67.43% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -3.61 (%).Trend:Decrease 1.1% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -5.34 (%).Trend:Increase 47.92% than previous quarter

Overall: decreasing (46.3%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -6.63 (USD).Trend:Increase 44.76% than previous quarter
Year 2022 Quarter 3: Earning Per Share -6.49 (USD).Trend:Decrease 2.11% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 97.07% than previous quarter

Overall: increasing (-97.13%). Fluctuation: **Significant** (high variation).



Financial reports from Q2 2022 to Q1 2023 show mixed trends.  While liabilities on revenue and current assets on revenue exhibit significant fluctuations, with some increases, they are overall decreasing.  Cost efficiency shows a decrease in SG&A, while the retained earnings ratio is decreasing but with large fluctuations. Investment efficiency is decreasing as well, with substantial fluctuation in retained earnings on assets and earnings per share, indicating volatility.