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 81.69 (%).Trend:Decrease 54.41% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 48.5 (%).Trend:Decrease 40.63% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 182.2 (%).Trend:Increase 275.67% than previous quarter

Overall: increasing (123.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 69.14 (%).Trend:Decrease 50.33% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 35.66 (%).Trend:Decrease 48.42% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 108.83 (%).Trend:Increase 205.19% than previous quarter

Overall: increasing (57.41%). 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 181.55 (%).Trend:Decrease 52.59% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 125.61 (%).Trend:Decrease 30.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 403.33 (%).Trend:Increase 221.1% than previous quarter

Overall: increasing (122.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.59 (%).Trend:Decrease 0.54% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.58 (%).Trend:Decrease 0.06% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.78 (%).Trend:Increase 1.21% than previous quarter

Overall: increasing (1.15%). 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 53.46 (%).Trend:Decrease 0.58% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 56.88 (%).Trend:Increase 6.4% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 61.17 (%).Trend:Increase 7.54% than previous quarter

Overall: increasing (14.42%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 2.01 (USD).Trend:Increase 95.15% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.1 (USD).Trend:Increase 54.23% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.37 (USD).Trend:Decrease 55.81% than previous quarter

Overall: decreasing (-31.84%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 shows varied financial performance.  Working capital efficiency metrics (liabilities and current assets on revenue) increased overall but with substantial volatility. Cost efficiency (retained earnings ratio) demonstrated a substantial increase, again with significant volatility.  SG&A expenses remained generally stable. Investment efficiency increased steadily with small changes. Earnings per share decreased overall, but fluctuated considerably.