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 50.15 (%).Trend:Decrease 42.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 34.39 (%).Trend:Decrease 31.43% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 78.19 (%).Trend:Increase 127.36% than previous quarter

Overall: increasing (55.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 57.77 (%).Trend:Decrease 54.54% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 49.02 (%).Trend:Decrease 15.15% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 67.01 (%).Trend:Increase 36.7% than previous quarter

Overall: increasing (15.99%). Fluctuation: **Neutral** (moderate 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 49.32% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -10.39 (%).Trend:Decrease 29.99% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -38.52 (%).Trend:Increase 270.74% than previous quarter

Overall: decreasing (159.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.31 (%).Trend:Decrease 19.84% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.79 (%).Trend:Decrease 4.6% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 33.83% than previous quarter

Overall: decreasing (-36.87%). 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 -12.56 (%).Trend:Increase 20.89% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -12.18 (%).Trend:Decrease 3.03% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -25.83 (%).Trend:Increase 112.07% than previous quarter

Overall: decreasing (105.65%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.54 (USD).Trend:Increase 260.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.74 (USD).Trend:Increase 37.04% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.35 (USD).Trend:Decrease 52.7% than previous quarter

Overall: increasing (-35.19%). Fluctuation: **Significant** (high variation).



From Q2 2022 to Q1 2023, the company demonstrated mixed financial performance. Working Capital Efficiency shows Liabilities on Revenue increasing (55.91%) with significant fluctuation, while Current Assets on Revenue increased (15.99%) with neutral fluctuation. Cost Efficiency reveals a decreasing Ratio of Retained Earnings to Revenue (-159.57%) with significant fluctuation, alongside a decreasing SG&A Expense Ratio (-36.87%) with neutral fluctuation. Investment Efficiency shows a decreasing Retained Earning on Assets (-105.65%) with significant fluctuation. Earnings Per Share increased (-35.19%) with significant fluctuation. The data suggests improving working capital but worsening profitability and investment efficiency.