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 66.09 (%).Trend:Decrease 32.38% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 186.28 (%).Trend:Increase 181.86% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 88.32 (%).Trend:Decrease 52.59% than previous quarter

Overall: increasing (33.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 256.85 (%).Trend:Increase 48.15% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 671.82 (%).Trend:Increase 161.56% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 316.63 (%).Trend:Decrease 52.87% than previous quarter

Overall: increasing (23.27%). 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 -62.44 (%).Trend:Decrease 32.26% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -195.14 (%).Trend:Increase 212.52% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -100.47 (%).Trend:Decrease 48.51% than previous quarter

Overall: decreasing (60.91%). 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 -20.88 (%).Trend:Decrease 45.78% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -25.07 (%).Trend:Increase 20.07% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -27.39 (%).Trend:Increase 9.25% than previous quarter

Overall: decreasing (31.18%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.27 (USD).Trend:Increase 42.11% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.19 (USD).Trend:Decrease 29.63% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.37 (USD).Trend:Increase 94.74% than previous quarter

Overall: decreasing (37.04%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 shows significant volatility. Liabilities on revenue experienced fluctuations, increasing then decreasing in Q2 2022. Current assets on revenue also demonstrated a similar pattern, sharply rising, decreasing and again fluctuating. Cost efficiency, as measured by the ratio of retained earnings to revenue, displays significant and considerable downward trends. Investment efficiency displays a decreasing pattern with significant fluctuations. Earnings per share show substantial quarterly variations.  The data suggest significant underlying factors need further examination.