Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 30.08 (%).Trend:Decrease 50.59% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 17.41 (%).Trend:Decrease 42.12% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 55.21 (%).Trend:Increase 217.12% than previous quarter

Overall: increasing (83.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 59.43 (%).Trend:Decrease 50.0% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 38.59 (%).Trend:Decrease 35.07% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 153.29 (%).Trend:Increase 297.23% than previous quarter

Overall: increasing (157.93%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.17 (%).Trend:Decrease 423.26% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 5.83 (%).Trend:Increase 39.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 36.73 (%).Trend:Increase 530.02% than previous quarter

Overall: increasing (780.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2023 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets 2.29 (%).Trend:Decrease 754.29% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 4.77 (%).Trend:Increase 108.3% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 10.41 (%).Trend:Increase 118.24% than previous quarter

Overall: increasing (354.59%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 1.78 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.67 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.25 (USD).Trend:Decrease 15.73% than previous quarter

Overall: increasing (26.4%). Fluctuation: **Neutral** (moderate variation).



Financial statements from Q2 2021 to Q1 2023 show considerable volatility in key metrics.  Liabilities and current assets on revenue exhibit substantial increases, but with significant fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a dramatic overall upward trend (780.82%), despite substantial quarterly variations. Investment efficiency and earnings per share show upward trends (354.59% and 26.4%, respectively), yet fluctuate considerably.  These findings highlight the need for a comprehensive analysis of the factors driving these changes.