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 22.79 (%).Trend:Decrease 35.15% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 66.09 (%).Trend:Increase 190.0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 34.9 (%).Trend:Decrease 47.19% than previous quarter

Overall: increasing (53.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 40.68 (%).Trend:Decrease 26.85% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 113.0 (%).Trend:Increase 177.78% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 59.88 (%).Trend:Decrease 47.01% than previous quarter

Overall: increasing (47.2%). 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 -18.95 (%).Trend:Decrease 37.33% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -40.7 (%).Trend:Increase 114.78% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -17.66 (%).Trend:Decrease 56.61% than previous quarter

Overall: increasing (-6.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.75 (%).Trend:Decrease 1.23% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.28 (%).Trend:Decrease 2.16% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.87 (%).Trend:Increase 2.77% than previous quarter

Overall: increasing (0.55%). 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 -21.52 (%).Trend:Decrease 15.34% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -17.74 (%).Trend:Decrease 17.57% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -14.62 (%).Trend:Decrease 17.59% than previous quarter

Overall: increasing (-32.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.73 (USD).Trend:Increase 43.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.48 (USD).Trend:Decrease 34.25% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.91 (USD).Trend:Increase 89.58% than previous quarter

Overall: increasing (24.66%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased sharply from Q3 2021 to Q1 2022, then decreased significantly in Q2 2022. Current assets on revenue also saw significant increases and decreases over the same period. Cost efficiency shows a mixed picture; the ratio of retained earnings to revenue decreased over the period, but SG&A expense ratio fluctuated minimally, ending only slightly higher than the starting point. Investment efficiency shows a consistent negative trend with declining retained earnings on assets. Earnings per share increased from Q3 2021 to Q2 2022, but saw a substantial decrease in Q1 2022.