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 analysis of Q2 2021 to Q1 2022 reveals significant volatility. Liabilities on revenue show a considerable increase, though the current assets on revenue also increase, with substantial variation. Retained earnings-to-revenue is trending downward, although with significant fluctuations. SG&A expenses are steadily declining with a moderate variation. Investment efficiency and earnings per share show high volatility, and decreasing overall, which are negative in each quarter.