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 28.01 (%).Trend:Decrease 31.67% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 92.93 (%).Trend:Increase 231.77% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 46.57 (%).Trend:Decrease 49.89% than previous quarter

Overall: increasing (66.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 79.17 (%).Trend:Decrease 16.32% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 151.39 (%).Trend:Increase 91.22% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 75.67 (%).Trend:Decrease 50.02% than previous quarter

Overall: decreasing (-4.42%). 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 -8.91 (%).Trend:Decrease 41.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -17.34 (%).Trend:Increase 94.61% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -6.86 (%).Trend:Decrease 60.44% than previous quarter

Overall: increasing (-23.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.47 (%).Trend:Decrease 0.92% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.04 (%).Trend:Increase 27.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.33 (%).Trend:Decrease 6.57% than previous quarter

Overall: increasing (18.86%). 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 -5.27 (%).Trend:Decrease 17.53% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -3.13 (%).Trend:Decrease 40.61% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -2.66 (%).Trend:Decrease 15.02% than previous quarter

Overall: increasing (-49.53%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 133.33% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.01 (USD).Trend:Decrease 112.5% than previous quarter

Overall: decreasing (-92.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased sharply in Q1 2022, followed by a decrease in Q2 2022, indicating significant volatility. Current assets on revenue also trended downward over the period, with large variations. Cost efficiency, measured by the ratio of retained earnings to revenue, displayed similar volatile patterns.  Selling, general, and administrative (SG&A) expense ratios increased moderately but experienced fluctuations. Investment efficiency, as represented by retained earnings on assets, showed a consistent decreasing trend with high variability. Earnings per share decreased significantly over the period, also exhibiting high volatility.  Overall, the financial performance demonstrates a complex picture of performance with high volatility across key metrics.