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 42.23 (%).Trend:Decrease 34.91% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 140.82 (%).Trend:Increase 233.46% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 74.59 (%).Trend:Decrease 47.03% than previous quarter

Overall: increasing (76.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 49.61 (%).Trend:Decrease 29.72% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 163.19 (%).Trend:Increase 228.95% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 80.85 (%).Trend:Decrease 50.46% than previous quarter

Overall: increasing (62.97%). 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 49.49 (%).Trend:Decrease 28.7% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 148.5 (%).Trend:Increase 200.06% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 71.59 (%).Trend:Decrease 51.79% than previous quarter

Overall: increasing (44.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.64 (%).Trend:Increase 3.81% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.4 (%).Trend:Increase 4.57% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.08 (%).Trend:Increase 3.91% than previous quarter

Overall: increasing (8.65%). Fluctuation: **Little** (low 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 40.26 (%).Trend:Increase 5.28% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 40.0 (%).Trend:Decrease 0.65% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 38.93 (%).Trend:Decrease 2.68% than previous quarter

Overall: decreasing (-3.3%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q3 2021 to Q2 2022 reveals a pattern of increasing working capital efficiency, measured by liabilities and current assets on revenue, with substantial fluctuations. Cost efficiency, represented by the ratio of retained earnings to revenue, also shows significant increases but with substantial quarterly variation. Selling, general, and administrative (SG&A) expense ratios show a steady upward trend.  Investment efficiency, as measured by retained earnings on assets, reveals a slight decrease, with minimal fluctuation.  These findings indicate potential areas for further review.