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 18.17 (%).Trend:Decrease 31.97% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 11.03 (%).Trend:Decrease 39.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 24.6 (%).Trend:Increase 123.03% than previous quarter

Overall: increasing (35.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 54.8 (%).Trend:Decrease 48.18% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 35.87 (%).Trend:Decrease 34.54% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 118.83 (%).Trend:Increase 231.28% than previous quarter

Overall: increasing (116.84%). 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 75.73 (%).Trend:Decrease 48.53% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 51.89 (%).Trend:Decrease 31.48% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 187.43 (%).Trend:Increase 261.21% than previous quarter

Overall: increasing (147.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Increase 0.81% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.09 (%).Trend:Increase 2.47% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.42 (%).Trend:Increase 16.54% than previous quarter

Overall: increasing (19.42%). 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 66.74 (%).Trend:Increase 2.28% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 68.23 (%).Trend:Increase 2.23% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 72.84 (%).Trend:Increase 6.76% than previous quarter

Overall: increasing (9.14%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 17.75 (USD).Trend:Increase 109.81% than previous quarter
Year 2022 Quarter 3: Earning Per Share 24.35 (USD).Trend:Increase 37.18% than previous quarter
Year 2023 Quarter 1: Earning Per Share 6.51 (USD).Trend:Decrease 73.26% than previous quarter

Overall: decreasing (-63.32%). Fluctuation: **Significant** (high variation).



Financial statements show a mixed picture of performance. Liabilities and current assets on revenue both show substantial increases, indicating potential growth or recovery issues. The ratio of retained earnings to revenue shows a strong overall increase, but with considerable quarter-to-quarter variations.  SG&A expense ratio continues its upward trend, while retained earnings on assets maintain a positive trend.  Unfortunately, earnings per share show a significant decline.  These findings reveal inconsistent trends demanding further investigation.