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 28.79 (%).Trend:Decrease 41.33% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.36 (%).Trend:Decrease 29.28% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 98.8 (%).Trend:Increase 385.27% than previous quarter

Overall: increasing (243.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 244.29 (%).Trend:Decrease 42.79% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 167.13 (%).Trend:Decrease 31.59% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 1103.96 (%).Trend:Increase 560.54% than previous quarter

Overall: increasing (351.91%). 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 80.7 (%).Trend:Decrease 41.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 56.94 (%).Trend:Decrease 29.44% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 409.34 (%).Trend:Increase 618.9% than previous quarter

Overall: increasing (407.24%). Fluctuation: **Significant** (high variation).

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

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 22.27 (%).Trend:Increase 4.8% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 23.7 (%).Trend:Increase 6.42% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 26.38 (%).Trend:Increase 11.31% than previous quarter

Overall: increasing (18.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.1 (USD).Trend:Decrease 28.57% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.18 (USD).Trend:Increase 80.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.11 (USD).Trend:Decrease 161.11% than previous quarter

Overall: decreasing (-210.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 reveals mixed results. Working capital efficiency, represented by liabilities and current assets on revenue, saw significant increases but with substantial variation.  Cost efficiency, measured by the ratio of retained earnings to revenue, significantly increased with high fluctuation.  Investment efficiency showed a steady rise, in contrast. Earnings per share, though increasing overall, demonstrated significant volatility with a notable decrease in Q1 2023.