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 37.34 (%).Trend:Decrease 49.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 23.75 (%).Trend:Decrease 36.4% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 73.69 (%).Trend:Increase 210.27% than previous quarter

Overall: increasing (97.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 67.81 (%).Trend:Decrease 48.32% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 42.59 (%).Trend:Decrease 37.19% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 146.05 (%).Trend:Increase 242.92% than previous quarter

Overall: increasing (115.38%). 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 31.65 (%).Trend:Decrease 53.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 20.39 (%).Trend:Decrease 35.58% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 75.88 (%).Trend:Increase 272.14% than previous quarter

Overall: increasing (139.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.02 (%).Trend:Decrease 8.51% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.93 (%).Trend:Decrease 1.5% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.71 (%).Trend:Increase 30.02% than previous quarter

Overall: increasing (28.07%). 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 13.26 (%).Trend:Decrease 4.67% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 13.37 (%).Trend:Increase 0.83% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 14.11 (%).Trend:Increase 5.53% than previous quarter

Overall: increasing (6.41%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.42 (USD).Trend:Increase 171.91% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.02 (USD).Trend:Increase 66.12% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 78.61% than previous quarter

Overall: decreasing (-64.46%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2022 to Q1 2023 reveals significant increases in liabilities on revenue (97.35%), current assets on revenue (115.38%), and the ratio of retained earnings to revenue (139.75%).  The SG&A expense ratio increased moderately (28.07%), while retained earnings on assets showed a small increase (6.41%). Conversely, earnings per share decreased substantially (-64.46%).  Significant fluctuations were observed across most metrics.