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 30.87 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 106.66 (%).Trend:Increase 245.51% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 56.69 (%).Trend:Decrease 46.85% than previous quarter

Overall: increasing (83.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 83.71 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 272.51 (%).Trend:Increase 225.54% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 132.96 (%).Trend:Decrease 51.21% than previous quarter

Overall: increasing (58.83%). 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 82.76 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 259.35 (%).Trend:Increase 213.38% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 116.06 (%).Trend:Decrease 55.25% than previous quarter

Overall: increasing (40.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.73 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.92 (%).Trend:Increase 1.29% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.06 (%).Trend:Decrease 5.76% than previous quarter

Overall: decreasing (-4.55%). 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 66.9 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 65.22 (%).Trend:Decrease 2.51% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 61.88 (%).Trend:Decrease 5.12% than previous quarter

Overall: decreasing (-7.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.22 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.24 (USD).Trend:Increase 9.09% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.34 (USD).Trend:Increase 41.67% than previous quarter

Overall: decreasing (54.55%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2021 to Q2 2022 displays significant variability across various metrics. Liabilities and current assets on revenue exhibit substantial fluctuations, while the SG&A expense ratio shows little variation.  Retained earnings on assets and earnings per share both demonstrate decreases. Data points with zero values and outliers will be excluded.  The analysis will highlight the significant fluctuations in key financial ratios and the stability or instability of the SG&A expense ratio over the three-quarter period.