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 26.18 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 81.41 (%).Trend:Increase 210.96% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 39.68 (%).Trend:Decrease 51.26% than previous quarter

Overall: increasing (51.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 20.47 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 84.06 (%).Trend:Increase 310.65% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 38.86 (%).Trend:Decrease 53.77% than previous quarter

Overall: increasing (89.84%). 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 28.76 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 88.74 (%).Trend:Increase 208.55% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 44.09 (%).Trend:Decrease 50.32% than previous quarter

Overall: increasing (53.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.6 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.27 (%).Trend:Increase 2.26% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.56 (%).Trend:Increase 0.96% than previous quarter

Overall: increasing (3.24%). Fluctuation: **Little** (low variation).


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 27.54 (%).Trend:Increase 12.45% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 24.6 (%).Trend:Decrease 10.68% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 26.54 (%).Trend:Increase 7.89% than previous quarter

Overall: decreasing (-3.63%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.58 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.15 (USD).Trend:Decrease 74.14% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 133.33% than previous quarter

Overall: decreasing (-39.66%). Fluctuation: **Significant** (high variation).



Analysis of financial statements from Q3 2021 to Q2 2022 shows significant fluctuations in working capital efficiency (Liabilities and Current Assets on Revenue), with overall increases despite high quarter-to-quarter variations. Cost efficiency, as measured by the Ratio of Retained Earnings to Revenue, also increased significantly but with considerable volatility. The Selling, General & Administrative (SG&A) Expense Ratio shows a small overall increase and low fluctuation. Investment efficiency (Retained Earning on Assets) decreased slightly with minor variations. Earnings Per Share decreased significantly with high variation.