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 44.35 (%).Trend:Decrease 45.28% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.52 (%).Trend:Decrease 33.44% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 77.28 (%).Trend:Increase 161.79% than previous quarter

Overall: increasing (74.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 51.65 (%).Trend:Decrease 49.13% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 37.51 (%).Trend:Decrease 27.38% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 95.22 (%).Trend:Increase 153.85% than previous quarter

Overall: increasing (84.36%). 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 103.94 (%).Trend:Decrease 51.88% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 66.5 (%).Trend:Decrease 36.02% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 217.34 (%).Trend:Increase 226.83% than previous quarter

Overall: increasing (109.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.81 (%).Trend:Increase 7.48% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Decrease 5.12% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.0 (%).Trend:Increase 6.67% than previous quarter

Overall: increasing (1.2%). 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 31.41 (%).Trend:Decrease 2.12% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 31.75 (%).Trend:Increase 1.08% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 34.47 (%).Trend:Increase 8.57% than previous quarter

Overall: increasing (9.74%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statement data for Q2 2022 to Q1 2023 indicates significant volatility in working capital efficiency. Liabilities and current assets on revenue fluctuated substantially, with significant quarter-over-quarter changes. Cost efficiency, assessed by the ratio of retained earnings to revenue, also experienced high volatility and a considerable increase overall. The Selling, General & Administrative (SG&A) expense ratio, however, demonstrated less fluctuation with a modest increase. Investment efficiency, measured by retained earnings on assets, exhibited minimal variation throughout the period. These findings suggest a need for further analysis into the underlying causes of these fluctuations and their potential impact on future performance.