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 41.03 (%).Trend:Decrease 49.45% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 128.79 (%).Trend:Increase 213.89% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 60.59 (%).Trend:Decrease 52.95% than previous quarter

Overall: increasing (47.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 54.0 (%).Trend:Decrease 44.81% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 158.72 (%).Trend:Increase 193.93% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 78.52 (%).Trend:Decrease 50.53% than previous quarter

Overall: increasing (45.41%). 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 134.08 (%).Trend:Decrease 38.29% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 336.45 (%).Trend:Increase 150.93% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 146.68 (%).Trend:Decrease 56.4% than previous quarter

Overall: increasing (9.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.6 (%).Trend:Decrease 12.41% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.38 (%).Trend:Decrease 6.11% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.59 (%).Trend:Decrease 23.37% than previous quarter

Overall: decreasing (-28.06%). Fluctuation: **Neutral** (moderate 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 54.17 (%).Trend:Increase 5.02% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 56.34 (%).Trend:Increase 4.01% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 56.85 (%).Trend:Increase 0.91% than previous quarter

Overall: increasing (4.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.54 (USD).Trend:Increase 62.82% than previous quarter
Year 2022 Quarter 1: Earning Per Share 3.23 (USD).Trend:Increase 27.17% than previous quarter
Year 2022 Quarter 2: Earning Per Share 6.11 (USD).Trend:Increase 89.16% than previous quarter

Overall: increasing (140.55%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2021 to Q2 2022 displays significant fluctuation. Working capital efficiency, measured by liabilities and current assets on revenue, is highly variable.  Cost efficiency, using the ratio of retained earnings to revenue, also shows high volatility. The SG&A expense ratio is consistently decreasing with moderate variation. Invest efficiency shows a slight overall increase in retained earnings on assets.  Earnings per share show a significant, but variable, increase.