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 38.88 (%).Trend:Decrease 48.51% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 28.12 (%).Trend:Decrease 27.67% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 64.95 (%).Trend:Increase 130.97% than previous quarter

Overall: increasing (67.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 67.79 (%).Trend:Decrease 50.48% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 48.98 (%).Trend:Decrease 27.75% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 130.44 (%).Trend:Increase 166.31% than previous quarter

Overall: increasing (92.42%). 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 25.65 (%).Trend:Decrease 56.39% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 15.59 (%).Trend:Decrease 39.22% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 37.34 (%).Trend:Increase 139.51% than previous quarter

Overall: increasing (45.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.78 (%).Trend:Decrease 9.0% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 15.05 (%).Trend:Decrease 10.31% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 13.36 (%).Trend:Decrease 11.23% than previous quarter

Overall: decreasing (-20.38%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2022 to Q1 2023 displays noteworthy volatility. Working capital efficiency shows significant increases in both liabilities and current assets on revenue during the period.  Cost efficiency, in terms of the ratio of retained earnings to revenue, also experiences an upward trend, although preceded by substantial downward trends. Conversely, investment efficiency (retained earnings on assets) demonstrates a consistent downward trend.  The overall picture suggests periods of strong growth followed by substantial volatility, necessitating careful analysis to assess underlying factors.