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 38.35 (%).Trend:Decrease 48.7% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 100.67 (%).Trend:Increase 162.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 34.78 (%).Trend:Decrease 65.45% than previous quarter

Overall: decreasing (-9.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 94.17 (%).Trend:Decrease 36.65% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 259.19 (%).Trend:Increase 175.24% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 106.65 (%).Trend:Decrease 58.85% than previous quarter

Overall: increasing (13.25%). 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 -46.55 (%).Trend:Decrease 37.78% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -166.59 (%).Trend:Increase 257.87% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -83.9 (%).Trend:Decrease 49.64% than previous quarter

Overall: decreasing (80.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 86.92 (%).Trend:Increase 12.42% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 67.07 (%).Trend:Decrease 22.84% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 69.06 (%).Trend:Increase 2.97% than previous quarter

Overall: decreasing (-20.55%). Fluctuation: **Neutral** (moderate variation).


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 -18.46 (%).Trend:Decrease 7.42% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -21.88 (%).Trend:Increase 18.53% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -23.86 (%).Trend:Increase 9.05% than previous quarter

Overall: decreasing (29.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.25 (USD).Trend:Decrease 56.9% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.26 (USD).Trend:Increase 4.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.43 (USD).Trend:Increase 65.38% than previous quarter

Overall: decreasing (72.0%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2021 – Q2 2022 reveals significant fluctuations.  Liabilities on revenue show an overall decrease with significant variation.  Current assets on revenue show an overall increase with significant variation. The ratio of retained earnings to revenue shows a significant decrease with high variation.  SG&A expense ratio shows a decrease with moderate variation.  Retained earnings on assets and earnings per share both show overall decreases with significant variation.