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 71.49 (%).Trend:Decrease 56.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 58.66 (%).Trend:Decrease 17.95% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 147.2 (%).Trend:Increase 150.94% than previous quarter

Overall: increasing (105.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 112.7 (%).Trend:Decrease 52.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 83.81 (%).Trend:Decrease 25.63% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 231.43 (%).Trend:Increase 176.14% than previous quarter

Overall: increasing (105.35%). 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 14.9 (%).Trend:Decrease 49.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -2.74 (%).Trend:Decrease 118.39% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -14.07 (%).Trend:Increase 413.5% than previous quarter

Overall: decreasing (-194.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.16 (%).Trend:Decrease 8.69% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.54 (%).Trend:Increase 0.69% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.56 (%).Trend:Decrease 5.37% than previous quarter

Overall: decreasing (-4.71%). 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 4.05 (%).Trend:Increase 5.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -0.85 (%).Trend:Decrease 120.99% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -1.68 (%).Trend:Increase 97.65% than previous quarter

Overall: decreasing (-141.48%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2021 to Q1 2022 reveals significant fluctuations in working capital efficiency. Liabilities on revenue and current assets on revenue showed substantial increases with high variability. Cost efficiency, reflected in the decreasing ratio of retained earnings to revenue (-194.43%), and a small decrease in SG&A expense ratio (-4.71%). Investment efficiency, as measured by retained earnings on assets, also saw a significant decrease (-141.48%).