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 65.51 (%).Trend:Decrease 59.49% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.25 (%).Trend:Decrease 52.3% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 176.93 (%).Trend:Increase 466.18% than previous quarter

Overall: increasing (170.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 145.01 (%).Trend:Decrease 64.2% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 75.46 (%).Trend:Decrease 47.96% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 436.63 (%).Trend:Increase 478.62% than previous quarter

Overall: increasing (201.1%). 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 78.37 (%).Trend:Decrease 70.77% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 37.22 (%).Trend:Decrease 52.51% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 174.31 (%).Trend:Increase 368.32% than previous quarter

Overall: increasing (122.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.98 (%).Trend:Decrease 41.31% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.42 (%).Trend:Decrease 9.76% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.4 (%).Trend:Increase 69.21% than previous quarter

Overall: increasing (52.69%). Fluctuation: **Significant** (high 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 28.33 (%).Trend:Decrease 2.14% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.57 (%).Trend:Decrease 9.74% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 20.24 (%).Trend:Decrease 20.84% than previous quarter

Overall: decreasing (-28.56%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 4.08 (USD).Trend:Decrease 553.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share -3.91 (USD).Trend:Decrease 195.83% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.17 (USD).Trend:Decrease 70.08% than previous quarter

Overall: decreasing (-128.68%). Fluctuation: **Significant** (high variation).



Working capital efficiency exhibits significant quarterly fluctuations. Liabilities on revenue increased significantly in Q1 2023 after a large decrease in prior quarters. Current assets on revenue also increased significantly in Q1 2023 after a prior decline. Cost efficiency shows similar significant fluctuation patterns across the measured metrics, with all ratios increasing from Q2 2022 to Q1 2023. Investment efficiency, however, shows a moderate decrease in retained earnings on assets. Earnings per share remain consistently negative, and also show significant fluctuation.