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 63.45 (%).Trend:Decrease 51.29% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 41.01 (%).Trend:Decrease 35.37% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 89.01 (%).Trend:Increase 117.04% than previous quarter

Overall: increasing (40.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 87.48 (%).Trend:Decrease 52.22% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.49 (%).Trend:Decrease 37.71% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 140.31 (%).Trend:Increase 157.5% than previous quarter

Overall: increasing (60.39%). 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 7.44 (%).Trend:Decrease 64.87% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 4.97 (%).Trend:Decrease 33.2% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 9.07 (%).Trend:Increase 82.49% than previous quarter

Overall: increasing (21.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 3.19 (%).Trend:Decrease 26.67% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.36 (%).Trend:Increase 5.33% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 2.23 (%).Trend:Decrease 33.63% than previous quarter

Overall: decreasing (-30.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.68 (USD).Trend:Increase 119.35% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.61 (USD).Trend:Decrease 10.29% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.3 (USD).Trend:Decrease 50.82% than previous quarter

Overall: increasing (-55.88%). Fluctuation: **Significant** (high variation).



Financial data for Q2 2021 to Q1 2022 indicates mixed results, with some metrics showing increases despite overall declining performance. Liabilities on revenue decrease then increase, showing high variation.  Current assets on revenue also decrease then increase, with substantial volatility.  Cost efficiency (retained earnings to revenue) continues its decline. Investment efficiency also decreases, with moderate fluctuation. Earnings per share remain negative throughout the period, displaying significant variability. The analysis reveals mixed results, with some areas showing positive signs and others continuing to decline.