Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 101.38 (%).Trend:Decrease 54.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 82.55 (%).Trend:Decrease 18.57% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 310.07 (%).Trend:Increase 275.61% than previous quarter

Overall: increasing (205.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 62.34 (%).Trend:Decrease 56.54% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.84 (%).Trend:Decrease 32.88% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 144.35 (%).Trend:Increase 245.0% than previous quarter

Overall: increasing (131.55%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 338.69 (%).Trend:Decrease 49.65% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 230.48 (%).Trend:Decrease 31.95% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 734.61 (%).Trend:Increase 218.73% than previous quarter

Overall: increasing (116.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.69 (%).Trend:Decrease 4.91% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.51 (%).Trend:Decrease 1.15% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.45 (%).Trend:Increase 12.51% than previous quarter

Overall: increasing (11.22%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets 64.7 (%).Trend:Increase 3.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 67.15 (%).Trend:Increase 3.79% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 69.82 (%).Trend:Increase 3.98% than previous quarter

Overall: increasing (7.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 1.99 (USD).Trend:Increase 91.35% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.24 (USD).Trend:Increase 62.81% than previous quarter
Year 2022 Quarter 1: Earning Per Share 3.15 (USD).Trend:Decrease 2.78% than previous quarter

Overall: increasing (58.29%). Fluctuation: **Neutral** (moderate variation).



Financial analysis for Q2 2021 to Q1 2022 shows a significant but fluctuating increase in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue).  Selling, general, and administrative (SG&A) expense ratio shows a slight increase, while investment efficiency and earnings per share exhibit increasing trends with a moderate variation.