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 82.98 (%).Trend:Decrease 48.91% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 52.97 (%).Trend:Decrease 36.17% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 232.33 (%).Trend:Increase 338.61% than previous quarter

Overall: increasing (179.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 204.45 (%).Trend:Decrease 52.7% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 130.86 (%).Trend:Decrease 35.99% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 302.16 (%).Trend:Increase 130.9% than previous quarter

Overall: increasing (47.79%). 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 -186.3 (%).Trend:Decrease 53.38% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -117.04 (%).Trend:Decrease 37.18% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -261.39 (%).Trend:Increase 123.33% than previous quarter

Overall: decreasing (40.31%). 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 -60.87 (%).Trend:Decrease 0.43% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -60.34 (%).Trend:Decrease 0.87% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -57.34 (%).Trend:Decrease 4.97% than previous quarter

Overall: increasing (-5.8%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -0.46 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.56 (USD).Trend:Increase 21.74% than previous quarter
Year 2023 Quarter 1: Earning Per Share -0.04 (USD).Trend:Decrease 92.86% than previous quarter

Overall: increasing (-91.3%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2022 to Q1 2023 exhibits high volatility. Liabilities-to-revenue ratios declined significantly, then increased sharply. Current assets-to-revenue ratios show a similar pattern of decrease and increase. The ratio of retained earnings to revenue trended downwards throughout the period. Investment efficiency indicates a steady decline in retained earnings on assets with minor fluctuations. Earnings per share demonstrate a fluctuating trend, culminating in a drastic decline in Q1 2023. A deeper dive is required to identify the underlying causes of these dramatic shifts.