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 61.04 (%).Trend:Decrease 30.26% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 55.9 (%).Trend:Decrease 8.42% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 42.42 (%).Trend:Decrease 24.11% than previous quarter

Overall: decreasing (-30.5%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 44.99 (%).Trend:Decrease 5.32% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 93.02 (%).Trend:Increase 106.76% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 70.81 (%).Trend:Decrease 23.88% than previous quarter

Overall: increasing (57.39%). 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 7.06 (%).Trend:Increase 45.57% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 24.27 (%).Trend:Increase 243.77% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 27.88 (%).Trend:Increase 14.87% than previous quarter

Overall: increasing (294.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.1 (%).Trend:Decrease 11.63% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.04 (%).Trend:Decrease 13.25% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.18 (%).Trend:Decrease 14.27% than previous quarter

Overall: decreasing (-25.63%). 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 2.07 (%).Trend:Increase 149.4% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 2.89 (%).Trend:Increase 39.61% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 6.78 (%).Trend:Increase 134.6% than previous quarter

Overall: increasing (227.54%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows a mixed picture. Liabilities on revenue have decreased significantly from Q3 2021 to Q2 2022, with a neutral fluctuation pattern.  Current assets on revenue, however, saw a large increase in Q1 2022, followed by a decrease in Q2 2022,  and a subsequent increase in Q2 2022.  This results in a significant overall increase in current assets on revenue. Cost efficiency shows a decrease in the SG&A expense ratio throughout the period, indicating cost-cutting measures.  The ratio of retained earnings to revenue has experienced a large increase over the period, driven by substantial percentage increases. Investment efficiency also displays a significant increase in retained earnings on assets over time, suggesting improved asset utilization.