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 23.06 (%).Trend:Decrease 59.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.23 (%).Trend:Decrease 20.95% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 69.81 (%).Trend:Increase 282.94% than previous quarter

Overall: increasing (202.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 263.78 (%).Trend:Decrease 38.24% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 189.01 (%).Trend:Decrease 28.35% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 570.6 (%).Trend:Increase 201.89% than previous quarter

Overall: increasing (116.32%). 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 69.53 (%).Trend:Decrease 52.25% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 29.29 (%).Trend:Decrease 57.87% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 62.06 (%).Trend:Increase 111.88% than previous quarter

Overall: decreasing (-10.74%). 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 9.88 (%).Trend:Decrease 25.04% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 5.82 (%).Trend:Decrease 41.09% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 4.22 (%).Trend:Decrease 27.49% than previous quarter

Overall: decreasing (-57.29%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -3.12 (USD).Trend:Increase 113.7% than previous quarter
Year 2022 Quarter 3: Earning Per Share -4.83 (USD).Trend:Increase 54.81% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.01 (USD).Trend:Decrease 79.09% than previous quarter

Overall: increasing (-67.63%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2022 to Q1 2023 displays a more complex picture. Liabilities and current assets on revenue exhibited fluctuations from decreases to large increases.  The ratio of retained earnings to revenue had a small overall decrease with huge fluctuations. Investment efficiency and earnings per share continued negative trends with significant variations across the three quarters. The results suggest ongoing operational and financial instability.