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 39.91 (%).Trend:Decrease 59.24% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.57 (%).Trend:Decrease 18.39% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 86.08 (%).Trend:Increase 164.29% than previous quarter

Overall: increasing (115.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 74.64 (%).Trend:Decrease 51.83% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 52.09 (%).Trend:Decrease 30.21% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 106.43 (%).Trend:Increase 104.32% than previous quarter

Overall: increasing (42.59%). 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 -244.15 (%).Trend:Decrease 52.82% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -150.34 (%).Trend:Decrease 38.42% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -357.98 (%).Trend:Increase 138.11% than previous quarter

Overall: decreasing (46.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.45 (%).Trend:Decrease 11.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.91 (%).Trend:Decrease 10.66% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.85 (%).Trend:Decrease 23.7% than previous quarter

Overall: decreasing (-31.83%). Fluctuation: **Neutral** (moderate 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 -147.91 (%).Trend:Increase 6.07% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -144.79 (%).Trend:Decrease 2.11% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -143.66 (%).Trend:Decrease 0.78% than previous quarter

Overall: increasing (-2.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -7.39 (USD).Trend:Increase 67.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share -9.6 (USD).Trend:Increase 29.91% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.98 (USD).Trend:Decrease 79.38% than previous quarter

Overall: increasing (-73.21%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2021 to Q1 2022 show significant volatility in financial performance. Liabilities on revenue increased substantially, while current assets on revenue also increased, although with substantial variation. The retained earnings to revenue ratio is increasing negatively, indicating a possible loss-making trend, while SG&A expenses are decreasing steadily. Investment efficiency and earnings per share show high variability, and negative earnings in each quarter.