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 63.19 (%).Trend:Decrease 48.53% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 50.55 (%).Trend:Decrease 20.0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 159.77 (%).Trend:Increase 216.06% than previous quarter

Overall: increasing (152.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 125.62 (%).Trend:Decrease 46.01% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 104.8 (%).Trend:Decrease 16.57% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 340.91 (%).Trend:Increase 225.3% than previous quarter

Overall: increasing (171.38%). 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 151.76 (%).Trend:Decrease 45.36% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 108.8 (%).Trend:Decrease 28.31% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 408.07 (%).Trend:Increase 275.06% than previous quarter

Overall: increasing (168.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.45 (%).Trend:Increase 10.37% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.87 (%).Trend:Increase 5.64% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.55 (%).Trend:Increase 21.35% than previous quarter

Overall: increasing (28.19%). 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 38.58 (%).Trend:Increase 6.37% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 37.89 (%).Trend:Decrease 1.79% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 42.47 (%).Trend:Increase 12.09% than previous quarter

Overall: increasing (10.08%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 2.08 (USD).Trend:Increase 150.6% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.76 (USD).Trend:Increase 80.77% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.99 (USD).Trend:Decrease 47.07% than previous quarter

Overall: decreasing (-4.33%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2021 to Q1 2022 indicates significant volatility in working capital efficiency, cost efficiency, and earnings per share.  Liabilities and current assets on revenue show substantial increases and decreases, highlighting instability in short-term financial management.  Cost efficiency, as measured by retained earnings-to-revenue ratios, presents similarly volatile performance.  Conversely, selling, general, and administrative (SG&A) expense ratios exhibit a more moderate and consistent upward trend. Investment efficiency (retained earnings on assets) demonstrates minimal variation. Earnings per share shows significant volatility, displaying large increases and a sharp decrease in the final quarter.