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 59.39 (%).Trend:Decrease 31.81% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 223.07 (%).Trend:Increase 275.6% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 124.18 (%).Trend:Decrease 44.33% than previous quarter

Overall: increasing (109.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 127.62 (%).Trend:Decrease 36.33% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 369.89 (%).Trend:Increase 189.84% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 185.97 (%).Trend:Decrease 49.72% than previous quarter

Overall: increasing (45.72%). 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 -81.53 (%).Trend:Decrease 24.6% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -303.84 (%).Trend:Increase 272.67% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -165.67 (%).Trend:Decrease 45.47% than previous quarter

Overall: decreasing (103.2%). 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 -27.7 (%).Trend:Increase 16.68% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -35.53 (%).Trend:Increase 28.27% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -39.84 (%).Trend:Increase 12.13% than previous quarter

Overall: decreasing (43.83%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.48 (USD).Trend:Increase 66.29% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.58 (USD).Trend:Decrease 60.81% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.11 (USD).Trend:Increase 91.38% than previous quarter

Overall: increasing (-25.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically in Q1 2022, then decreased in Q2 and Q3 2022, before increasing again in Q2 2023.  Current assets on revenue also saw substantial volatility, increasing in Q1 2022, decreasing in Q2 and Q3 2022, before increasing again in Q2 2023.  Cost efficiency, measured by the ratio of retained earnings to revenue, has been consistently decreasing with significant fluctuation.  Investment efficiency, measured by retained earnings on assets, also shows a negative trend with significant variation.  Earning per share exhibits significant variation, increasing in Q3 2021, decreasing in Q1 2022, increasing in Q2 2022, and increasing again in Q3 2022.