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 77.01 (%).Trend:Decrease 3.01% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 43.5 (%).Trend:Decrease 43.51% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 76.81 (%).Trend:Increase 76.57% than previous quarter

Overall: decreasing (-0.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 189.96 (%).Trend:Decrease 61.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 150.1 (%).Trend:Decrease 20.98% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 187.31 (%).Trend:Increase 24.79% than previous quarter

Overall: decreasing (-1.4%). 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 -843.62 (%).Trend:Decrease 59.18% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -493.02 (%).Trend:Decrease 41.56% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -1166.17 (%).Trend:Increase 136.54% than previous quarter

Overall: decreasing (38.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.36 (%).Trend:Decrease 11.64% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 73.08 (%).Trend:Increase 2.41% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 64.8 (%).Trend:Decrease 11.33% than previous quarter

Overall: decreasing (-9.19%). 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 -166.1 (%).Trend:Decrease 40.93% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -148.78 (%).Trend:Decrease 10.43% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -206.31 (%).Trend:Increase 38.67% than previous quarter

Overall: decreasing (24.21%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.12 (USD).Trend:Increase 140.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.18 (USD).Trend:Increase 50.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 55.56% than previous quarter

Overall: increasing (-33.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2022 to Q1 2023 indicate significant volatility across all analyzed categories. Liabilities on revenue showed a downward trend, with high variability; current assets also decreased significantly. Cost efficiency, measured by retained earnings to revenue, demonstrates an overall downward trend but with substantial fluctuations. Investment efficiency, measured by retained earnings on assets, similarly shows volatility. Earnings per share continue to decline. The SG&A expense ratio has a fairly stable downward trend. The data suggests a need for closer examination of operational stability and financial management strategies.