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 27.93 (%).Trend:Decrease 33.66% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 97.03 (%).Trend:Increase 247.4% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 51.44 (%).Trend:Decrease 46.99% than previous quarter

Overall: increasing (84.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 87.59 (%).Trend:Decrease 32.31% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 284.85 (%).Trend:Increase 225.21% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 143.58 (%).Trend:Decrease 49.59% than previous quarter

Overall: increasing (63.92%). 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 55.44 (%).Trend:Decrease 31.5% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 235.72 (%).Trend:Increase 325.18% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 115.35 (%).Trend:Decrease 51.06% than previous quarter

Overall: increasing (108.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.18 (%).Trend:Decrease 2.54% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.28 (%).Trend:Increase 0.71% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.08 (%).Trend:Decrease 1.4% than previous quarter

Overall: decreasing (-0.71%). Fluctuation: **Little** (low variation).


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 31.8 (%).Trend:Increase 2.65% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 40.17 (%).Trend:Increase 26.32% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 39.78 (%).Trend:Decrease 0.97% than previous quarter

Overall: increasing (25.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.08 (USD).Trend:Increase 62.5% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 67.31% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.02 (USD).Trend:Increase 50.0% than previous quarter

Overall: decreasing (-50.96%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2021 to Q2 2022 reveals significant fluctuations. Working capital efficiency, measured by liabilities and current assets, shows considerable overall increases but significant volatility. Cost efficiency shows minimal fluctuation in the SG&A expense ratio, unlike the substantial changes in the retained earnings to revenue ratio. Investment efficiency shows a positive overall trend, but the pattern is not completely consistent. Earnings per share demonstrates an overall decrease, with major quarter-to-quarter variations.