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 41.44 (%).Trend:Decrease 47.91% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.56 (%).Trend:Decrease 26.25% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 60.88 (%).Trend:Increase 99.21% than previous quarter

Overall: increasing (46.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 57.39 (%).Trend:Decrease 47.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 38.66 (%).Trend:Decrease 32.64% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 88.73 (%).Trend:Increase 129.51% than previous quarter

Overall: increasing (54.61%). 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 1.76 (%).Trend:Decrease 81.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 0.25 (%).Trend:Decrease 85.8% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -2.41 (%).Trend:Decrease 1064.0% than previous quarter

Overall: decreasing (-236.93%). Fluctuation: **Significant** (high variation).

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

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 0.63 (%).Trend:Decrease 56.55% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 0.15 (%).Trend:Decrease 76.19% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -0.63 (%).Trend:Decrease 520.0% than previous quarter

Overall: decreasing (-200.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.28 (USD).Trend:Increase 40.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.33 (USD).Trend:Increase 17.86% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.11 (USD).Trend:Decrease 133.33% than previous quarter

Overall: increasing (-139.29%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2021 to Q1 2022 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased substantially (99.21%) in Q1 2022, then decreased, while current assets on revenue also increased dramatically (129.51%) in Q1 2022, then decreased. Cost efficiency, as measured by the ratio of retained earnings to revenue, experienced substantial negative trends.  Retained earnings on assets and earnings per share also exhibited considerable negative trends and significant volatility throughout the period.