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 50.65 (%).Trend:Decrease 32.1% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 117.25 (%).Trend:Increase 131.49% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 57.13 (%).Trend:Decrease 51.28% than previous quarter

Overall: increasing (12.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 68.13 (%).Trend:Decrease 20.05% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 140.17 (%).Trend:Increase 105.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 52.84 (%).Trend:Decrease 62.3% than previous quarter

Overall: decreasing (-22.44%). 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 -13.77 (%).Trend:Decrease 38.44% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -8.09 (%).Trend:Decrease 41.25% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -1.18 (%).Trend:Decrease 85.41% than previous quarter

Overall: increasing (-91.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.72 (%).Trend:Decrease 1.99% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.49 (%).Trend:Decrease 13.06% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.94 (%).Trend:Increase 8.32% than previous quarter

Overall: decreasing (-5.83%). 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 -6.89 (%).Trend:Decrease 11.89% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -1.59 (%).Trend:Decrease 76.92% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -0.47 (%).Trend:Decrease 70.44% than previous quarter

Overall: increasing (-93.18%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.04 (USD).Trend:Decrease 55.56% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 725.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.36 (USD).Trend:Increase 44.0% than previous quarter

Overall: increasing (-1000.0%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant volatility in key financial ratios across various efficiency categories. Working capital efficiency exhibits substantial fluctuations, with liabilities on revenue increasing while current assets decrease.  Cost efficiency shows an increasing trend in the ratio of retained earnings to revenue, but with large quarter-to-quarter variations. The SG&A expense ratio has a slight overall decrease with minimal fluctuation. Investment efficiency, as represented by retained earnings on assets, has a general upward trend but substantial volatility. Earnings per share display a significant increase but also considerable fluctuations.  These trends necessitate careful consideration and further investigation to understand the underlying reasons for these dynamics.