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 30.63 (%).Trend:Decrease 46.94% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 22.1 (%).Trend:Decrease 27.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 58.06 (%).Trend:Increase 162.71% than previous quarter

Overall: increasing (89.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.76 (%).Trend:Decrease 48.21% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 37.21 (%).Trend:Decrease 29.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 104.07 (%).Trend:Increase 179.68% than previous quarter

Overall: increasing (97.25%). 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 51.61 (%).Trend:Decrease 52.22% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.16 (%).Trend:Decrease 33.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 58.38 (%).Trend:Increase 70.9% than previous quarter

Overall: increasing (13.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.76 (%).Trend:Decrease 0.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 3.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.69 (%).Trend:Decrease 3.23% than previous quarter

Overall: decreasing (-6.79%). 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 34.45 (%).Trend:Decrease 3.07% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 34.3 (%).Trend:Decrease 0.44% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.96 (%).Trend:Decrease 33.06% than previous quarter

Overall: decreasing (-33.35%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.34 (USD).Trend:Decrease 20.93% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 132.35% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.01 (USD).Trend:Increase 27.85% than previous quarter

Overall: increasing (197.06%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation, with liabilities on revenue increasing by 89.55% and current assets on revenue increasing by 97.25% across the three quarters.  Cost efficiency shows a slight decrease in SG&A expense ratio (-6.79%) while the ratio of retained earnings to revenue increased by 13.12%, but with substantial variation. Investment efficiency, measured by retained earnings on assets, decreased by 33.35% with moderate variation. Earnings per share saw a significant increase (197.06%) with high fluctuation.