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 60.0 (%).Trend:Decrease 49.47% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.7 (%).Trend:Decrease 35.5% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 116.29 (%).Trend:Increase 200.49% than previous quarter

Overall: increasing (93.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 127.68 (%).Trend:Decrease 55.5% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 73.07 (%).Trend:Decrease 42.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 194.21 (%).Trend:Increase 165.79% than previous quarter

Overall: increasing (52.11%). 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 -257.59 (%).Trend:Decrease 49.9% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -175.31 (%).Trend:Decrease 31.94% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -486.18 (%).Trend:Increase 177.33% than previous quarter

Overall: decreasing (88.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.69 (%).Trend:Decrease 3.42% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.09 (%).Trend:Decrease 2.17% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.14 (%).Trend:Decrease 18.27% than previous quarter

Overall: decreasing (-20.04%). 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 -61.82 (%).Trend:Increase 9.24% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -66.56 (%).Trend:Increase 7.67% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -71.84 (%).Trend:Increase 7.93% than previous quarter

Overall: decreasing (16.21%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q2 2022 to Q1 2023 show significant fluctuations. Liabilities on revenue increased to 116.29%, and current assets on revenue also increased (though not as drastically). The ratio of retained earnings to revenue decreased, indicating a concern in terms of profitability.  SG&A expense ratio continued to decrease.  Investment efficiency showed a decreasing trend in retained earnings on assets. These results show instability in financial performance.