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 57.13 (%).Trend:Decrease 51.28% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 39.25 (%).Trend:Decrease 31.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 141.01 (%).Trend:Increase 259.26% than previous quarter

Overall: increasing (146.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.84 (%).Trend:Decrease 62.3% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 39.57 (%).Trend:Decrease 25.11% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 179.2 (%).Trend:Increase 352.87% than previous quarter

Overall: increasing (239.14%). 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 -1.18 (%).Trend:Decrease 85.41% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -0.94 (%).Trend:Decrease 20.34% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 0.05 (%).Trend:Decrease 105.32% than previous quarter

Overall: increasing (-104.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.94 (%).Trend:Increase 8.32% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.08 (%).Trend:Increase 0.31% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.12 (%).Trend:Increase 0.09% than previous quarter

Overall: increasing (0.4%). 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 -0.47 (%).Trend:Decrease 70.44% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -0.53 (%).Trend:Increase 12.77% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.01 (%).Trend:Decrease 101.89% than previous quarter

Overall: increasing (-102.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.36 (USD).Trend:Increase 44.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.36 (USD).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 91.67% than previous quarter

Overall: decreasing (-91.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased substantially in Q1 2023, then decreased in Q2 and Q3 2023. Current assets on revenue also increased significantly in Q1 2023, decreasing in subsequent quarters. Cost efficiency shows a modest increase in SG&A expense ratio, while the ratio of retained earnings to revenue and retained earnings on assets exhibit significant, erratic increases and decreases. Earning per share has decreased significantly over the 3 quarters.