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 37.3 (%).Trend:Decrease 31.13% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 100.62 (%).Trend:Increase 169.76% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 51.26 (%).Trend:Decrease 49.06% than previous quarter

Overall: increasing (37.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 70.67 (%).Trend:Decrease 28.31% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 192.35 (%).Trend:Increase 172.18% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 98.02 (%).Trend:Decrease 49.04% than previous quarter

Overall: increasing (38.7%). 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 32.58 (%).Trend:Decrease 27.08% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 109.98 (%).Trend:Increase 237.57% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 57.14 (%).Trend:Decrease 48.05% than previous quarter

Overall: increasing (75.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.08 (%).Trend:Decrease 9.47% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.99 (%).Trend:Decrease 12.0% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 34.42% than previous quarter

Overall: increasing (18.28%). 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 20.64 (%).Trend:Increase 11.75% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 25.78 (%).Trend:Increase 24.9% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 27.19 (%).Trend:Increase 5.47% than previous quarter

Overall: increasing (31.73%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.26 (USD).Trend:Increase 132.99% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.46 (USD).Trend:Decrease 35.4% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.75 (USD).Trend:Increase 88.36% than previous quarter

Overall: increasing (21.68%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 indicate significant fluctuations across various metrics. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue show substantial increases with substantial quarter-to-quarter variations.  SG&A expense ratio fluctuated with both increases and decreases, investment efficiency and earnings per share show increases but with significant volatility. These high fluctuations should be analyzed to understand underlying causes.