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 34.08 (%).Trend:Decrease 32.15% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 119.22 (%).Trend:Increase 249.82% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 54.84 (%).Trend:Decrease 54.0% than previous quarter

Overall: increasing (60.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 65.32 (%).Trend:Decrease 29.55% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 216.58 (%).Trend:Increase 231.57% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 100.47 (%).Trend:Decrease 53.61% than previous quarter

Overall: increasing (53.81%). 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 10.95 (%).Trend:Increase 25.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 69.65 (%).Trend:Increase 536.07% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 35.14 (%).Trend:Decrease 49.55% than previous quarter

Overall: increasing (220.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.27 (%).Trend:Decrease 1.73% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.4 (%).Trend:Increase 5.42% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.16 (%).Trend:Decrease 7.83% than previous quarter

Overall: decreasing (-2.83%). 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 11.21 (%).Trend:Increase 82.57% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 21.09 (%).Trend:Increase 88.14% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 23.76 (%).Trend:Increase 12.66% than previous quarter

Overall: increasing (111.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 1.6 (USD).Trend:Increase 61.62% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 81.88% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.83 (USD).Trend:Increase 186.21% than previous quarter

Overall: decreasing (-48.13%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 shows significant fluctuations in working capital efficiency. Liabilities and current assets as percentages of revenue show large increases and decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibited substantial increases and decreases.  The Selling, General & Administrative (SG&A) expense ratio showed a stable, slight decreasing trend overall. Investment efficiency shows an overall increasing trend in retained earnings on assets, but with significant fluctuation. Earnings per share overall decreased but with high variance.