Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 30.53 (%).Trend:Decrease 28.67% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 80.14 (%).Trend:Increase 162.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 33.35 (%).Trend:Decrease 58.39% than previous quarter

Overall: increasing (9.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 29.0 (%).Trend:Decrease 35.22% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 125.46 (%).Trend:Increase 332.62% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 60.15 (%).Trend:Decrease 52.06% than previous quarter

Overall: increasing (107.41%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 149.12 (%).Trend:Decrease 41.56% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 131.16 (%).Trend:Decrease 12.04% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 73.49 (%).Trend:Decrease 43.97% than previous quarter

Overall: decreasing (-50.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2021 to Quater 2 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets 48.11 (%).Trend:Decrease 1.74% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 13.36 (%).Trend:Decrease 72.23% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 16.76 (%).Trend:Increase 25.45% than previous quarter

Overall: decreasing (-65.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.55 (USD).Trend:Increase 41.03% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.75 (USD).Trend:Increase 36.36% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.28 (USD).Trend:Increase 204.0% than previous quarter

Overall: increasing (314.55%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 reveals significant fluctuations. Working capital efficiency (liabilities and current assets on revenue) increased, yet with substantial quarter-to-quarter variation. Cost efficiency (ratio of retained earnings to revenue) decreased substantially while fluctuating considerably. Investment efficiency declined. Earnings per share rose substantially but with considerable volatility.