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 35.57 (%).Trend:Decrease 57.09% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.92 (%).Trend:Decrease 29.94% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 75.52 (%).Trend:Increase 203.05% than previous quarter

Overall: increasing (112.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 78.18 (%).Trend:Decrease 50.24% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 49.04 (%).Trend:Decrease 37.27% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 156.01 (%).Trend:Increase 218.13% than previous quarter

Overall: increasing (99.55%). 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 130.41 (%).Trend:Decrease 48.36% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 88.19 (%).Trend:Decrease 32.37% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 285.36 (%).Trend:Increase 223.57% than previous quarter

Overall: increasing (118.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.6 (%).Trend:Decrease 1.63% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.19 (%).Trend:Decrease 1.39% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.88 (%).Trend:Decrease 4.49% than previous quarter

Overall: decreasing (-5.81%). 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 60.13 (%).Trend:Increase 4.46% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 64.17 (%).Trend:Increase 6.72% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 68.15 (%).Trend:Increase 6.2% than previous quarter

Overall: increasing (13.34%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q2 2022 to Q1 2023 reveals mixed results. Liabilities and current assets on revenue are increasing, although highly volatile.  A significant increase is evident in the ratio of retained earnings to revenue. The SG&A expense ratio shows a steady but modest decline. Retained earnings on assets consistently increase with little fluctuation, showcasing a strong internal investment strategy.