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 43.83 (%).Trend:Decrease 51.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.95 (%).Trend:Decrease 31.67% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 85.79 (%).Trend:Increase 186.44% than previous quarter

Overall: increasing (95.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 37.8 (%).Trend:Decrease 50.21% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 24.67 (%).Trend:Decrease 34.74% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 75.17 (%).Trend:Increase 204.7% than previous quarter

Overall: increasing (98.86%). 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 -57.78 (%).Trend:Decrease 51.66% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -37.75 (%).Trend:Decrease 34.67% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -123.57 (%).Trend:Increase 227.34% than previous quarter

Overall: decreasing (113.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.98 (%).Trend:Increase 2.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.38 (%).Trend:Increase 1.48% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.65 (%).Trend:Increase 8.29% than previous quarter

Overall: increasing (9.9%). Fluctuation: **Little** (low 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 -30.72 (%).Trend:Increase 1.02% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -30.89 (%).Trend:Increase 0.55% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -33.21 (%).Trend:Increase 7.51% than previous quarter

Overall: decreasing (8.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.95 (USD).Trend:Decrease 10.38% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.84 (USD).Trend:Decrease 11.58% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 97.62% than previous quarter

Overall: increasing (-97.89%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2021 to Q1 2022 show a mixed picture. Working capital efficiency, with both liabilities and current assets on revenue increasing, indicates a dynamic cash flow.  Cost efficiency, with a significant decrease in the ratio of retained earnings to revenue, suggests unstable profitability. SG&A expenses increased steadily, indicating relatively consistent operating costs. Investment efficiency also saw notable fluctuations, particularly in retained earnings on assets.  Earnings per share increased from negative values, although fluctuations were substantial. Overall, the period exhibited significant volatility, demanding detailed analysis to pinpoint the underlying factors.