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 20.06 (%).Trend:Decrease 57.53% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.49 (%).Trend:Decrease 37.74% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 47.17 (%).Trend:Increase 277.66% than previous quarter

Overall: increasing (135.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 41.86 (%).Trend:Decrease 55.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 24.06 (%).Trend:Decrease 42.52% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 86.2 (%).Trend:Increase 258.27% than previous quarter

Overall: increasing (105.92%). 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 7.06 (%).Trend:Decrease 55.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.28 (%).Trend:Decrease 25.21% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 10.55 (%).Trend:Increase 99.81% than previous quarter

Overall: increasing (49.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.98 (%).Trend:Decrease 6.28% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.41 (%).Trend:Increase 2.69% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.28 (%).Trend:Increase 41.86% than previous quarter

Overall: increasing (45.68%). 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 7.37 (%).Trend:Decrease 0.67% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.41 (%).Trend:Increase 14.11% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 3.91 (%).Trend:Decrease 53.51% than previous quarter

Overall: decreasing (-46.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 9.36 (USD).Trend:Increase 159.28% than previous quarter
Year 2022 Quarter 3: Earning Per Share 14.12 (USD).Trend:Increase 50.85% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.44 (USD).Trend:Decrease 82.72% than previous quarter

Overall: decreasing (-73.93%). Fluctuation: **Significant** (high variation).



Financial performance in the second half of 2022 and early 2023 shows significant volatility across multiple metrics.  Working capital efficiency (liabilities and current assets on revenue) shows substantial fluctuations, increasing notably in Q1 2023 after declines earlier in the period. Cost efficiency metrics, including the ratio of retained earnings to revenue, show significant volatility. SG&A expense ratio displays a neutral trend with moderate fluctuations. Investment efficiency, as measured by retained earnings on assets, reveals a substantial downward trend. Earnings per share demonstrate significant fluctuations, showing strong increases in the first half of 2022, but a substantial decrease in Q1 2023.