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 38.81 (%).Trend:Decrease 28.97% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 115.8 (%).Trend:Increase 198.38% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 61.42 (%).Trend:Decrease 46.96% than previous quarter

Overall: increasing (58.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 49.19 (%).Trend:Decrease 32.56% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 137.6 (%).Trend:Increase 179.73% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 96.71 (%).Trend:Decrease 29.72% than previous quarter

Overall: increasing (96.61%). 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 -468.63 (%).Trend:Decrease 32.01% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -1556.1 (%).Trend:Increase 232.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -766.62 (%).Trend:Decrease 50.73% than previous quarter

Overall: decreasing (63.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -174.95 (%).Trend:Increase 3.98% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -161.33 (%).Trend:Decrease 7.79% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -161.76 (%).Trend:Increase 0.27% than previous quarter

Overall: increasing (-7.54%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 137.5% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.26 (USD).Trend:Decrease 966.67% than previous quarter

Overall: decreasing (225.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 shows substantial fluctuations in key financial indicators. Liabilities on revenue increased (58.26%) with significant volatility, mirroring the increase in current assets on revenue (96.61%). Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased (63.59%) with high variation. Investment efficiency, measured by retained earnings on assets, showed a slight overall increase (-7.54%)  with substantial fluctuation. Earning per share decreased (225.0%) with significant volatility across the quarters.