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 25.13 (%).Trend:Decrease 57.74% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 17.96 (%).Trend:Decrease 28.53% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 53.61 (%).Trend:Increase 198.5% than previous quarter

Overall: increasing (113.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 81.72 (%).Trend:Decrease 52.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 49.7 (%).Trend:Decrease 39.18% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 158.76 (%).Trend:Increase 219.44% than previous quarter

Overall: increasing (94.27%). 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 31.03 (%).Trend:Decrease 46.64% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 23.72 (%).Trend:Decrease 23.56% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 98.99 (%).Trend:Increase 317.33% than previous quarter

Overall: increasing (219.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.16 (%).Trend:Decrease 1.4% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.12 (%).Trend:Decrease 0.44% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.79 (%).Trend:Increase 18.31% than previous quarter

Overall: increasing (17.79%). 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 24.56 (%).Trend:Increase 13.86% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 27.55 (%).Trend:Increase 12.17% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 32.1 (%).Trend:Increase 16.52% than previous quarter

Overall: increasing (30.7%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 9.51 (USD).Trend:Increase 117.12% than previous quarter
Year 2022 Quarter 3: Earning Per Share 15.3 (USD).Trend:Increase 60.88% than previous quarter
Year 2023 Quarter 1: Earning Per Share 4.26 (USD).Trend:Decrease 72.16% than previous quarter

Overall: decreasing (-55.21%). Fluctuation: **Significant** (high variation).



Working capital efficiency, liabilities on revenue, and current assets on revenue show significant fluctuations.  Liabilities on revenue decreased in Q2 and Q3 2022, then increased dramatically in Q1 2023, before decreasing again in Q2 2023.  Similarly, current assets on revenue trended downward in Q2 and Q3 2022, then rose substantially in Q1 2023, and followed a similar pattern in Q2 2023.  Cost efficiency shows the ratio of retained earnings to revenue increasing sharply.  SG&A expenses show a minor increase in the same period. Invest efficiency shows a steady increase in retained earnings on assets, while earnings per share show significant fluctuations, increasing in Q2 and Q3 2022, then decreasing sharply in Q1 2023.