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 59.47 (%).Trend:Decrease 47.35% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 37.6 (%).Trend:Decrease 36.77% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 127.03 (%).Trend:Increase 237.85% than previous quarter

Overall: increasing (113.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 328.09 (%).Trend:Decrease 55.82% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 213.49 (%).Trend:Decrease 34.93% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 668.29 (%).Trend:Increase 213.03% than previous quarter

Overall: increasing (103.69%). 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 -249.41 (%).Trend:Decrease 48.81% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -177.25 (%).Trend:Decrease 28.93% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -637.92 (%).Trend:Increase 259.9% than previous quarter

Overall: decreasing (155.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.88 (%).Trend:Increase 5.3% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.74 (%).Trend:Increase 4.24% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.08 (%).Trend:Increase 5.12% than previous quarter

Overall: increasing (9.57%). 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 -45.95 (%).Trend:Increase 6.81% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -50.19 (%).Trend:Increase 9.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -53.62 (%).Trend:Increase 6.83% than previous quarter

Overall: decreasing (16.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.47 (USD).Trend:Increase 123.81% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 63.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 70.13% than previous quarter

Overall: increasing (-51.06%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 show considerable fluctuation. Liabilities-to-revenue and current assets-to-revenue ratios exhibited increasing trends, marked by substantial quarterly changes.  The ratio of retained earnings to revenue declined significantly, also with high variation.  SG&A expenses increased consistently but with limited volatility. Investment efficiency (retained earnings on assets) and earnings per share show considerable fluctuations.