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 130.05 (%).Trend:Increase 0.53% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.41 (%).Trend:Decrease 32.79% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 87.99 (%).Trend:Increase 0.66% than previous quarter

Overall: decreasing (-32.34%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 260.05 (%).Trend:Decrease 32.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 174.26 (%).Trend:Decrease 32.99% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 252.47 (%).Trend:Increase 44.88% than previous quarter

Overall: decreasing (-2.91%). 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 80.52 (%).Trend:Decrease 48.33% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 54.4 (%).Trend:Decrease 32.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 94.74 (%).Trend:Increase 74.15% than previous quarter

Overall: increasing (17.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Decrease 9.75% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.74 (%).Trend:Decrease 1.73% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.83 (%).Trend:Increase 41.32% than previous quarter

Overall: increasing (38.87%). 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 16.86 (%).Trend:Decrease 11.36% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 17.02 (%).Trend:Increase 0.95% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 9.21 (%).Trend:Decrease 45.89% than previous quarter

Overall: decreasing (-45.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 1.02 (USD).Trend:Increase 88.89% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 29.41% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 142.42% than previous quarter

Overall: decreasing (-154.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 suggests significant volatility. Liabilities on revenue and current assets on revenue showed decreased trends, but with moderate fluctuations.  Cost efficiency, as reflected in the ratio of retained earnings to revenue, improved in Q1 2023 but decreased significantly during Q2. SG&A expense ratios increased in Q1 and showed a slight decrease in Q2. Investment efficiency and earnings per share showed large decreases in Q1 and Q2, highlighting major issues in profitability and asset management.