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 30.56 (%).Trend:Decrease 26.25% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 60.88 (%).Trend:Increase 99.21% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 32.4 (%).Trend:Decrease 46.78% than previous quarter

Overall: increasing (6.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 38.66 (%).Trend:Decrease 32.64% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 88.73 (%).Trend:Increase 129.51% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 43.33 (%).Trend:Decrease 51.17% than previous quarter

Overall: increasing (12.08%). 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 0.25 (%).Trend:Decrease 85.8% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -2.41 (%).Trend:Decrease 1064.0% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -6.64 (%).Trend:Increase 175.52% than previous quarter

Overall: decreasing (-2756.0%). Fluctuation: **Significant** (high variation).

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

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 0.15 (%).Trend:Decrease 76.19% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -0.63 (%).Trend:Decrease 520.0% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -3.72 (%).Trend:Increase 490.48% than previous quarter

Overall: decreasing (-2580.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.33 (USD).Trend:Increase 17.86% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.11 (USD).Trend:Decrease 133.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.2 (USD).Trend:Decrease 281.82% than previous quarter

Overall: increasing (-39.39%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 indicates high volatility in financial performance.  Liabilities on revenue and current assets on revenue demonstrate large increases and decreases over the period.  Cost efficiency, as measured by the ratio of retained earnings to revenue, declined considerably. Invest efficiency and earnings per share also show substantial negative trends and significant variation.