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 122.21 (%).Trend:Decrease 46.72% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 72.07 (%).Trend:Decrease 41.03% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 188.84 (%).Trend:Increase 162.02% than previous quarter

Overall: increasing (54.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 192.7 (%).Trend:Decrease 34.42% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 101.28 (%).Trend:Decrease 47.44% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 151.88 (%).Trend:Increase 49.96% than previous quarter

Overall: decreasing (-21.18%). 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 448.29 (%).Trend:Decrease 40.02% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 301.32 (%).Trend:Decrease 32.78% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 948.57 (%).Trend:Increase 214.8% than previous quarter

Overall: increasing (111.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.07 (%).Trend:Increase 5.47% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.58 (%).Trend:Decrease 1.16% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 42.02 (%).Trend:Increase 1.06% than previous quarter

Overall: decreasing (-0.12%). 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 45.81 (%).Trend:Increase 2.92% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 48.67 (%).Trend:Increase 6.24% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 51.38 (%).Trend:Increase 5.57% than previous quarter

Overall: increasing (12.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 21.64 (USD).Trend:Increase 13.12% than previous quarter
Year 2022 Quarter 3: Earning Per Share 24.0 (USD).Trend:Increase 10.91% than previous quarter
Year 2023 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 91.67% than previous quarter

Overall: decreasing (-90.76%). Fluctuation: **Significant** (high variation).



Financial statements show significant fluctuations in working capital efficiency. Liabilities on revenue increased substantially in Q1 2023, yet decreased in the following quarters. Current assets on revenue have decreased from Q2 2022 to Q1 2023 but increased sharply in Q1 of the same year.  Cost efficiency exhibits high variation, with the ratio of retained earnings to revenue increasing substantially in Q1 2023 but dropping in the subsequent quarters. The SG&A expense ratio, however, displays little fluctuation. Investment efficiency shows stable growth with slight variations in retained earnings on assets. Earnings per share have declined substantially in Q1 2023 but showed an upward trend again in Q2 and Q3 2023.