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 94.93 (%).Trend:Decrease 39.96% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 224.05 (%).Trend:Increase 136.02% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 118.51 (%).Trend:Decrease 47.11% than previous quarter

Overall: increasing (24.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 195.96 (%).Trend:Decrease 42.53% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 442.48 (%).Trend:Increase 125.8% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 230.44 (%).Trend:Decrease 47.92% than previous quarter

Overall: increasing (17.6%). 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 64.07 (%).Trend:Decrease 44.57% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 136.88 (%).Trend:Increase 113.64% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 70.12 (%).Trend:Decrease 48.77% than previous quarter

Overall: increasing (9.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.48 (%).Trend:Decrease 20.36% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.83 (%).Trend:Decrease 25.29% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.8 (%).Trend:Decrease 0.38% than previous quarter

Overall: decreasing (-25.57%). Fluctuation: **Neutral** (moderate 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 29.59 (%).Trend:Decrease 2.7% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 27.98 (%).Trend:Decrease 5.44% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 27.89 (%).Trend:Decrease 0.32% than previous quarter

Overall: decreasing (-5.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.91 (USD).Trend:Increase 193.55% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 25.27% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.5 (USD).Trend:Increase 120.59% than previous quarter

Overall: increasing (64.84%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 exhibits significant fluctuations. Liabilities on revenue decreased, then significantly increased and again decreased. Current assets on revenue also showed a decrease then increased, and a further decrease. Cost efficiency shows a substantial decrease in retained earnings to revenue. Investment efficiency reveals a consistent downward trend in retained earnings on assets. Earnings per share shows significant fluctuation.