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 44.86 (%).Trend:Decrease 49.07% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.71 (%).Trend:Decrease 31.54% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 78.18 (%).Trend:Increase 154.58% than previous quarter

Overall: increasing (74.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 108.55 (%).Trend:Decrease 53.22% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 70.26 (%).Trend:Decrease 35.27% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 195.57 (%).Trend:Increase 178.35% than previous quarter

Overall: increasing (80.17%). 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 89.27 (%).Trend:Decrease 52.79% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 57.96 (%).Trend:Decrease 35.07% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 154.35 (%).Trend:Increase 166.3% than previous quarter

Overall: increasing (72.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.46 (%).Trend:Decrease 3.54% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.46 (%).Trend:Increase 0.0% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.52 (%).Trend:Increase 11.8% than previous quarter

Overall: increasing (11.8%). 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 57.27 (%).Trend:Decrease 1.87% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 56.73 (%).Trend:Decrease 0.94% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 53.25 (%).Trend:Decrease 6.13% than previous quarter

Overall: decreasing (-7.02%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuations, with liabilities on revenue increasing sharply in Q1, then declining in Q2 and Q3 before rising again in Q1 2023. Current assets exhibit a similar trend. Cost efficiency shows a positive overall trend for the ratio of retained earnings to revenue, although with a volatile quarter-on-quarter performance. SG&A expense ratio increased overall.  Invest efficiency shows a moderate decrease in retained earnings on assets with little quarter-to-quarter variance.