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 32.35 (%).Trend:Decrease 47.62% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.14 (%).Trend:Decrease 34.65% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 59.73 (%).Trend:Increase 182.54% than previous quarter

Overall: increasing (84.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 46.84 (%).Trend:Decrease 53.06% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 31.02 (%).Trend:Decrease 33.77% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 100.55 (%).Trend:Increase 224.15% than previous quarter

Overall: increasing (114.67%). 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 44.24 (%).Trend:Decrease 50.19% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 28.83 (%).Trend:Decrease 34.83% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 83.89 (%).Trend:Increase 190.98% than previous quarter

Overall: increasing (89.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.93 (%).Trend:Increase 1.3% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.22 (%).Trend:Increase 2.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Increase 4.46% than previous quarter

Overall: increasing (7.23%). 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 25.08 (%).Trend:Increase 2.62% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 24.54 (%).Trend:Decrease 2.15% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 24.75 (%).Trend:Increase 0.86% than previous quarter

Overall: decreasing (-1.32%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial statements from Q2 2022 to Q1 2023 reveal significant fluctuations in working capital efficiency. Liabilities on revenue, decreasing then increasing, show high variation.  Current assets on revenue also demonstrate a similar pattern of decreasing then increasing, indicating volatility.  Cost efficiency, measured by the retained earnings-to-revenue ratio, also shows considerable increases and decreases. SG&A expense ratios demonstrate a minor overall increase.  Investment efficiency (retained earnings on assets) displays minor fluctuations, trending downwards.