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 13.69 (%).Trend:Decrease 26.87% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 33.94 (%).Trend:Increase 147.92% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 20.0 (%).Trend:Decrease 41.07% than previous quarter

Overall: increasing (46.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 15.37 (%).Trend:Decrease 27.33% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 37.23 (%).Trend:Increase 142.23% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 22.47 (%).Trend:Decrease 39.65% than previous quarter

Overall: increasing (46.19%). 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 4.01 (%).Trend:Decrease 18.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 12.75 (%).Trend:Increase 217.96% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 7.86 (%).Trend:Decrease 38.35% than previous quarter

Overall: increasing (96.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.65 (%).Trend:Decrease 0.47% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.16 (%).Trend:Decrease 1.91% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.11 (%).Trend:Decrease 0.2% than previous quarter

Overall: decreasing (-2.11%). 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 7.83 (%).Trend:Increase 16.0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 10.53 (%).Trend:Increase 34.48% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 11.27 (%).Trend:Increase 7.03% than previous quarter

Overall: increasing (43.93%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 1.97 (USD).Trend:Increase 55.12% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 56.35% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.44 (USD).Trend:Increase 67.44% than previous quarter

Overall: decreasing (-26.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 shows substantial volatility. Working capital efficiency, with liabilities and current assets on revenue, displays significant increases and decreases across the period.  Cost efficiency, measured by the SG&A ratio, displays a slight decline. Investment efficiency, represented by retained earnings on assets, demonstrates moderate growth. Earnings per share showcases fluctuations with a decrease in Q1 2022 followed by a rise in Q2 2022, highlighting considerable variations.