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 55.04 (%).Trend:Decrease 52.79% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 41.75 (%).Trend:Decrease 24.15% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 168.72% than previous quarter

Overall: increasing (103.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 197.77 (%).Trend:Decrease 53.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 131.49 (%).Trend:Decrease 33.51% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 350.25 (%).Trend:Increase 166.37% than previous quarter

Overall: increasing (77.1%). 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 -15.26 (%).Trend:Decrease 3.72% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -15.53 (%).Trend:Increase 1.77% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue -105.48 (%).Trend:Increase 579.2% than previous quarter

Overall: decreasing (591.22%). 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 -5.3 (%).Trend:Increase 92.73% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -7.99 (%).Trend:Increase 50.75% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets -19.27 (%).Trend:Increase 141.18% than previous quarter

Overall: decreasing (263.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 2: Earning Per Share -1.02 (USD).Trend:Increase 436.84% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.9 (USD).Trend:Increase 86.27% than previous quarter
Year 2023 Quarter 1: Earning Per Share -1.38 (USD).Trend:Decrease 27.37% than previous quarter

Overall: decreasing (35.29%). Fluctuation: **Significant** (high variation).



Financial performance analysis reveals significant volatility in all key areas across three quarters.  Liabilities and current assets on revenue show initially downward trends but substantial quarterly variations. Cost efficiency (ratio of retained earnings to revenue) trended downwards but with high quarterly changes. Investment efficiency and earnings per share experienced substantial decreases with significant quarter-to-quarter variation.