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 153.74 (%).Trend:Decrease 52.59% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 109.68 (%).Trend:Decrease 28.66% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 207.0 (%).Trend:Increase 88.73% than previous quarter

Overall: increasing (34.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 1636.54 (%).Trend:Decrease 24.14% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 774.22 (%).Trend:Decrease 52.69% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1227.52 (%).Trend:Increase 58.55% than previous quarter

Overall: decreasing (-24.99%). 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 -12705.43 (%).Trend:Decrease 51.5% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -6648.69 (%).Trend:Decrease 47.67% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -14547.02 (%).Trend:Increase 118.8% than previous quarter

Overall: decreasing (14.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 536.29 (%).Trend:Decrease 6.71% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 428.36 (%).Trend:Decrease 20.13% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 351.42 (%).Trend:Decrease 17.96% than previous quarter

Overall: decreasing (-34.47%). 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 -776.36 (%).Trend:Decrease 36.06% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -848.92 (%).Trend:Increase 9.35% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -1174.29 (%).Trend:Increase 38.33% than previous quarter

Overall: decreasing (51.26%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2022 to Q1 2023 financial data indicates a mixed performance.  Liabilities on revenue show an increasing trend (34.64%) with substantial quarterly volatility. Current assets on revenue, however, show a continued decrease (-24.99%). Cost efficiency, as measured by the SG&A expense ratio, is declining (-34.47%), with a neutral fluctuation.  The ratio of retained earnings to revenue decreases (14.49%). Investment efficiency, as shown by retained earnings on assets, is also decreasing (51.26%) with notable variance.