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 94.47 (%).Trend:Decrease 49.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.31 (%).Trend:Decrease 37.22% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 182.84 (%).Trend:Increase 208.28% than previous quarter

Overall: increasing (93.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 93.98 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 59.42 (%).Trend:Decrease 36.77% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 229.76 (%).Trend:Increase 286.67% than previous quarter

Overall: increasing (144.48%). 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 -37.04 (%).Trend:Decrease 55.78% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -22.41 (%).Trend:Decrease 39.5% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -103.37 (%).Trend:Increase 361.27% than previous quarter

Overall: decreasing (179.08%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.59 (%).Trend:Decrease 3.89% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.47 (%).Trend:Decrease 0.88% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.44 (%).Trend:Decrease 0.22% than previous quarter

Overall: decreasing (-1.1%). Fluctuation: **Little** (low 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 -24.25 (%).Trend:Decrease 10.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -22.96 (%).Trend:Decrease 5.32% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -29.92 (%).Trend:Increase 30.31% than previous quarter

Overall: decreasing (23.38%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 108.45% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.25 (USD).Trend:Increase 52.03% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 67.56% than previous quarter

Overall: decreasing (-50.68%). Fluctuation: **Significant** (high variation).



Financial statements for three quarters (Q2 2021 - Q1 2022) show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased dramatically (208.28% Q1 2022 vs Q3 2021), while current assets on revenue also saw a large increase (286.67% Q1 2022 vs Q3 2021).  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a consistent downward trend with large fluctuations.  SG&A expense ratio shows a small overall decrease with minimal variation. Investment efficiency, as measured by retained earnings on assets, also exhibits large fluctuations with a decreasing trend. Earnings per share decreased significantly from Q2 2021 to Q1 2022.