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 43.41 (%).Trend:Decrease 53.42% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 26.14 (%).Trend:Decrease 39.78% than previous quarter
Year 2023 Quarter 1: Liabilities on Revenue 75.63 (%).Trend:Increase 189.33% than previous quarter

Overall: increasing (74.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 2: Current assets on Revenue 82.76 (%).Trend:Decrease 52.05% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 50.18 (%).Trend:Decrease 39.37% than previous quarter
Year 2023 Quarter 1: Current assets on Revenue 156.81 (%).Trend:Increase 212.5% than previous quarter

Overall: increasing (89.48%). 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 13.91 (%).Trend:Decrease 62.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 11.01 (%).Trend:Decrease 20.85% than previous quarter
Year 2023 Quarter 1: Ratio of Retained Earnings to Revenue 41.82 (%).Trend:Increase 279.84% than previous quarter

Overall: increasing (200.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.43 (%).Trend:Decrease 10.41% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.83 (%).Trend:Decrease 3.65% than previous quarter
Year 2023 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.53 (%).Trend:Increase 23.37% than previous quarter

Overall: increasing (18.87%). Fluctuation: **Neutral** (moderate 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 8.96 (%).Trend:Decrease 15.39% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 11.51 (%).Trend:Increase 28.46% than previous quarter
Year 2023 Quarter 1: Retained Earning on Assets 12.27 (%).Trend:Increase 6.6% than previous quarter

Overall: increasing (36.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements from Q2 2022 to Q1 2023 show significant fluctuations in working capital efficiency, with liabilities and current assets on revenue increasing, although the period before saw declines. Cost efficiency, as measured by the retained earnings to revenue ratio, showed substantial increases, in contrast to the steady decline in the SG&A expense ratio. Investment efficiency showed moderate variations. Earnings per share continued a trend of growth.