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 54.47 (%).Trend:Decrease 38.51% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 40.0 (%).Trend:Decrease 26.57% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 128.67 (%).Trend:Increase 221.67% than previous quarter

Overall: increasing (136.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 99.52 (%).Trend:Decrease 49.17% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.66 (%).Trend:Decrease 40.05% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 145.81 (%).Trend:Increase 144.4% than previous quarter

Overall: increasing (46.51%). 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 451.64 (%).Trend:Decrease 50.88% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 297.11 (%).Trend:Decrease 34.22% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 812.74 (%).Trend:Increase 173.55% than previous quarter

Overall: increasing (79.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.98 (%).Trend:Decrease 2.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.04 (%).Trend:Decrease 2.61% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.12 (%).Trend:Increase 5.94% than previous quarter

Overall: increasing (3.17%). 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 66.09 (%).Trend:Decrease 1.45% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 63.57 (%).Trend:Decrease 3.81% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 57.88 (%).Trend:Decrease 8.95% than previous quarter

Overall: decreasing (-12.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.13 (USD).Trend:Increase 62.5% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 130.77% than previous quarter

Overall: increasing (-150.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show some positive and negative trends. Working capital efficiency is improving, with an increase in liabilities on revenue, although current assets on revenue also increase, demonstrating mixed trends.  Cost efficiency is also increasing, albeit with substantial variability. The SG&A expense ratio continues to show a modest decrease. Investment efficiency is declining slightly, while earnings per share show a significant increase to positive values, but remain volatile.