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 44.26 (%).Trend:Decrease 28.22% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 118.46 (%).Trend:Increase 167.65% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 54.08 (%).Trend:Decrease 54.35% than previous quarter

Overall: increasing (22.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 259.07 (%).Trend:Decrease 31.2% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 637.86 (%).Trend:Increase 146.21% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 324.76 (%).Trend:Decrease 49.09% than previous quarter

Overall: increasing (25.36%). 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 113.88 (%).Trend:Decrease 29.71% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 356.17 (%).Trend:Increase 212.76% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 196.21 (%).Trend:Decrease 44.91% than previous quarter

Overall: increasing (72.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.14 (%).Trend:Increase 1.73% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.0 (%).Trend:Decrease 0.99% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.26 (%).Trend:Increase 1.86% than previous quarter

Overall: increasing (0.85%). 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 32.47 (%).Trend:Increase 2.66% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 36.04 (%).Trend:Increase 10.99% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 37.56 (%).Trend:Increase 4.22% than previous quarter

Overall: increasing (15.68%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.91 (USD).Trend:Increase 50.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.05 (USD).Trend:Decrease 63.92% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.92 (USD).Trend:Increase 82.86% than previous quarter

Overall: decreasing (-34.02%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2021 to Q2 2022 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue both increased, with substantial quarterly variation.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibited significant volatility.  Selling, general, and administrative (SG&A) expense ratios show little fluctuation. Investment efficiency, measured by retained earnings on assets, shows little fluctuation. Earnings per share declined overall, but with significant quarterly swings.  The analysis highlights the need for further investigation into the causes of these substantial fluctuations.