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 29.11 (%).Trend:Decrease 50.46% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 17.92 (%).Trend:Decrease 38.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.64 (%).Trend:Increase 232.81% than previous quarter

Overall: increasing (104.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 91.21 (%).Trend:Decrease 49.02% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.66 (%).Trend:Decrease 34.59% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 214.87 (%).Trend:Increase 260.16% than previous quarter

Overall: increasing (135.58%). 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 -92.15 (%).Trend:Decrease 51.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -61.61 (%).Trend:Decrease 33.14% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -208.98 (%).Trend:Increase 239.2% than previous quarter

Overall: decreasing (126.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.1 (%).Trend:Decrease 2.0% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.83 (%).Trend:Decrease 1.22% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.92 (%).Trend:Increase 18.74% than previous quarter

Overall: increasing (17.29%). 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 -24.96 (%).Trend:Decrease 1.23% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -24.99 (%).Trend:Increase 0.12% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -24.37 (%).Trend:Decrease 2.48% than previous quarter

Overall: increasing (-2.36%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant increases in both liabilities and current assets on revenue, especially in Q1 2023. This signals a substantial shift, likely indicating significant changes in operational strategies. Cost efficiency shows a slight increase in the SG&A expense ratio and a substantial decrease/increase in retained earnings to revenue ratio. Investment efficiency shows a slight upward trend in retained earnings on assets.