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 38.05 (%).Trend:Decrease 41.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.49 (%).Trend:Decrease 25.12% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 70.22 (%).Trend:Increase 146.47% than previous quarter

Overall: increasing (84.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 245.09 (%).Trend:Decrease 52.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 159.33 (%).Trend:Decrease 34.99% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 374.48 (%).Trend:Increase 135.03% than previous quarter

Overall: increasing (52.79%). 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 84.15 (%).Trend:Decrease 54.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 54.88 (%).Trend:Decrease 34.78% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 131.94 (%).Trend:Increase 140.42% than previous quarter

Overall: increasing (56.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.87 (%).Trend:Decrease 4.65% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Decrease 1.2% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.66 (%).Trend:Decrease 10.06% than previous quarter

Overall: decreasing (-11.13%). Fluctuation: **Little** (low 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 17.22 (%).Trend:Decrease 3.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 17.57 (%).Trend:Increase 2.03% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 18.76 (%).Trend:Increase 6.77% than previous quarter

Overall: increasing (8.94%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance in Q2 2021 to Q1 2022 shows substantial fluctuation in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2022 after consistent decrease in Q2 and Q3 2021. Current assets on revenue also increased dramatically in Q1 2022 after consistent decrease in Q2 and Q3 2021. Cost efficiency shows a significant increase in the ratio of retained earnings to revenue, while SG&A expense ratio decreased steadily. Investment efficiency (retained earnings on assets) increased steadily.  Earning per share data is not provided.