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 61.43 (%).Trend:Decrease 20.59% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.14 (%).Trend:Decrease 37.91% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 156.66 (%).Trend:Increase 310.75% than previous quarter

Overall: increasing (155.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 83.92 (%).Trend:Decrease 35.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 52.47 (%).Trend:Decrease 37.48% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 173.16 (%).Trend:Increase 230.02% than previous quarter

Overall: increasing (106.34%). 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 14.84 (%).Trend:Decrease 41.27% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 10.33 (%).Trend:Decrease 30.39% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 1.87 (%).Trend:Decrease 81.9% than previous quarter

Overall: decreasing (-87.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.82 (%).Trend:Increase 1.53% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.17 (%).Trend:Increase 1.36% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.73 (%).Trend:Increase 51.82% than previous quarter

Overall: increasing (53.87%). 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 8.13 (%).Trend:Increase 0.74% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.99 (%).Trend:Increase 10.58% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.44 (%).Trend:Decrease 95.11% than previous quarter

Overall: decreasing (-94.59%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.58 (USD).Trend:Increase 132.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.78 (USD).Trend:Increase 34.48% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.17 (USD).Trend:Decrease 250.0% than previous quarter

Overall: decreasing (-301.72%). Fluctuation: **Significant** (high variation).



2022-2023 financial statements show substantial volatility.  Working capital efficiency displays large swings, with liabilities and current assets on revenue exhibiting significant increases and decreases.  A substantial decrease in the retained earnings to revenue ratio suggests a potential cost efficiency problem.  SG&A expense ratio shows a modest increase. Investment efficiency fell dramatically, while earnings per share demonstrated a notable but volatile trend.