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 45.97 (%).Trend:Decrease 39.56% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.7 (%).Trend:Decrease 31.04% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 84.59 (%).Trend:Increase 166.85% than previous quarter

Overall: increasing (84.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 33.53 (%).Trend:Decrease 41.3% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 22.03 (%).Trend:Decrease 34.3% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 62.59 (%).Trend:Increase 184.11% than previous quarter

Overall: increasing (86.67%). 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 108.2 (%).Trend:Decrease 51.92% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 71.8 (%).Trend:Decrease 33.64% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 211.74 (%).Trend:Increase 194.9% than previous quarter

Overall: increasing (95.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Increase 5.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.64 (%).Trend:Decrease 2.83% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.59 (%).Trend:Decrease 0.47% than previous quarter

Overall: decreasing (-3.29%). 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 24.48 (%).Trend:Decrease 8.83% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.23 (%).Trend:Increase 3.06% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 26.07 (%).Trend:Increase 3.33% than previous quarter

Overall: increasing (6.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.29 (USD).Trend:Increase 106.31% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.6 (USD).Trend:Increase 57.21% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.21 (USD).Trend:Decrease 66.39% than previous quarter

Overall: decreasing (-47.16%). Fluctuation: **Significant** (high variation).



Financial performance in the first quarter of 2023 shows a mixed picture. Working capital efficiency saw significant increases in liabilities and current assets, indicating improved short-term performance but also potentially greater financial risk.  Cost efficiency witnessed a substantial surge in the ratio of retained earnings to revenue.  SG&A expense ratio remained stable.  Investment efficiency showed steady growth in retained earnings on assets. Earnings per share experienced a substantial decline in Q1 2023. Fluctuations are substantial across all key metrics, with notable increases and decreases during the three-quarter period.