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 30.63 (%).Trend:Decrease 46.94% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 22.1 (%).Trend:Decrease 27.85% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 58.06 (%).Trend:Increase 162.71% than previous quarter

Overall: increasing (89.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 52.76 (%).Trend:Decrease 48.21% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 37.21 (%).Trend:Decrease 29.47% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 104.07 (%).Trend:Increase 179.68% than previous quarter

Overall: increasing (97.25%). 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 51.61 (%).Trend:Decrease 52.22% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.16 (%).Trend:Decrease 33.81% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 58.38 (%).Trend:Increase 70.9% than previous quarter

Overall: increasing (13.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.76 (%).Trend:Decrease 0.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 3.68% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.69 (%).Trend:Decrease 3.23% than previous quarter

Overall: decreasing (-6.79%). 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 34.45 (%).Trend:Decrease 3.07% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 34.3 (%).Trend:Decrease 0.44% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 22.96 (%).Trend:Decrease 33.06% than previous quarter

Overall: decreasing (-33.35%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share 0.34 (USD).Trend:Decrease 20.93% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 132.35% than previous quarter
Year 2023 Quarter 1: Earning Per Share 1.01 (USD).Trend:Increase 27.85% than previous quarter

Overall: increasing (197.06%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2022 to Q1 2023 reveals significant fluctuations in key metrics.  Working capital efficiency shows increasing liabilities and current assets with substantial variation.  Cost efficiency shows a considerable increase in the ratio of retained earnings to revenue, but with significant volatility.  The SG&A expense ratio trends downwards with little fluctuation. Investment efficiency indicates a significant decline in retained earnings on assets, but with low variation. Earnings per share demonstrate substantial growth over the three-quarter period with substantial variation.