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 32.4 (%).Trend:Decrease 46.78% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 27.27 (%).Trend:Decrease 15.83% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 71.88 (%).Trend:Increase 163.59% than previous quarter

Overall: increasing (121.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 43.33 (%).Trend:Decrease 51.17% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 32.26 (%).Trend:Decrease 25.55% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 87.04 (%).Trend:Increase 169.81% than previous quarter

Overall: increasing (100.88%). 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 -6.64 (%).Trend:Increase 175.52% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -3.18 (%).Trend:Decrease 52.11% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 2.86 (%).Trend:Decrease 189.94% than previous quarter

Overall: increasing (-143.07%). 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 -3.72 (%).Trend:Increase 490.48% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -2.59 (%).Trend:Decrease 30.38% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 0.87 (%).Trend:Decrease 133.59% than previous quarter

Overall: increasing (-123.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.2 (USD).Trend:Decrease 281.82% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.11 (USD).Trend:Decrease 45.0% than previous quarter
Year 2023 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 327.27% than previous quarter

Overall: increasing (-225.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2022 to Q1 2023 demonstrates significant volatility in key financial indicators. Liabilities on revenue, while increasing overall, displayed substantial fluctuations between quarters. Current assets on revenue exhibited a similar pattern of increase overall, but with notable quarterly variability. Cost efficiency, represented by the ratio of retained earnings to revenue, increased overall but this was met with equally significant variance. Investment efficiency, measured by retained earnings on assets, showed increasing trends despite marked variations. Earnings per share also show a pattern of increasing values, despite substantial fluctuations, suggesting potentially volatile financial conditions.