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 50.75 (%).Trend:Decrease 34.02% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 165.99 (%).Trend:Increase 227.07% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 79.67 (%).Trend:Decrease 52.0% than previous quarter

Overall: increasing (56.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 88.74 (%).Trend:Decrease 35.05% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 273.67 (%).Trend:Increase 208.4% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 132.88 (%).Trend:Decrease 51.45% than previous quarter

Overall: increasing (49.74%). 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 -162.44 (%).Trend:Decrease 32.54% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -491.45 (%).Trend:Increase 202.54% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -246.98 (%).Trend:Decrease 49.74% than previous quarter

Overall: decreasing (52.04%). 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 -108.58 (%).Trend:Increase 5.16% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -111.36 (%).Trend:Increase 2.56% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -117.18 (%).Trend:Increase 5.23% than previous quarter

Overall: decreasing (7.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.67 (USD).Trend:Increase 63.41% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 70.15% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.46 (USD).Trend:Increase 130.0% than previous quarter

Overall: increasing (-31.34%). Fluctuation: **Significant** (high variation).



Financial statement analysis from Q3 2021 to Q2 2022 indicates a pattern of significant fluctuation in key financial metrics.  Working capital efficiency, including liabilities and current assets on revenue, shows volatile increases and decreases. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits a mostly negative trend with high volatility, and investment efficiency shows decreasing retained earnings on assets with a similarly high variability.  Earning per share also shows substantial fluctuations, with periods of both increase and decrease. The lack of stability suggests potential challenges in maintaining consistent financial performance.