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 40.99 (%).Trend:Decrease 57.86% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.01 (%).Trend:Decrease 31.67% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 92.93 (%).Trend:Increase 231.77% than previous quarter

Overall: increasing (126.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 94.61 (%).Trend:Decrease 53.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 79.17 (%).Trend:Decrease 16.32% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 151.39 (%).Trend:Increase 91.22% than previous quarter

Overall: increasing (60.01%). 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 -15.22 (%).Trend:Decrease 58.14% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -8.91 (%).Trend:Decrease 41.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -17.34 (%).Trend:Increase 94.61% than previous quarter

Overall: decreasing (13.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.66 (%).Trend:Decrease 9.35% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.47 (%).Trend:Decrease 0.92% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.04 (%).Trend:Increase 27.21% than previous quarter

Overall: increasing (26.04%). Fluctuation: **Neutral** (moderate 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 -6.39 (%).Trend:Decrease 7.66% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -5.27 (%).Trend:Decrease 17.53% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -3.13 (%).Trend:Decrease 40.61% than previous quarter

Overall: increasing (-51.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Decrease 250.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 133.33% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter

Overall: decreasing (-233.33%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2021 to Q1 2022 shows significant volatility in working capital efficiency, cost efficiency, investment efficiency, and earnings per share. Liabilities and current assets on revenue show initial decreases followed by a large increase in Q1 2022. The ratio of retained earnings to revenue declines overall, while the SG&A expense ratio shows a more consistent pattern of decrease. Retained earnings on assets demonstrate a consistent downward trend with variations, while earnings per share display extremely high volatility.