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 30.08 (%).Trend:Decrease 47.78% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.96 (%).Trend:Decrease 36.97% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 60.06 (%).Trend:Increase 216.77% than previous quarter

Overall: increasing (99.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 14.86 (%).Trend:Decrease 16.38% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 5.96 (%).Trend:Decrease 59.89% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 17.44 (%).Trend:Increase 192.62% than previous quarter

Overall: increasing (17.36%). 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 -57.41 (%).Trend:Decrease 55.3% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -36.17 (%).Trend:Decrease 37.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -125.71 (%).Trend:Increase 247.55% than previous quarter

Overall: decreasing (118.97%). 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 -37.49 (%).Trend:Decrease 8.56% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -37.83 (%).Trend:Increase 0.91% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -41.89 (%).Trend:Increase 10.73% than previous quarter

Overall: decreasing (11.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.08 (USD).Trend:Decrease 300.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.19 (USD).Trend:Increase 137.5% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 173.68% than previous quarter

Overall: decreasing (-275.0%). Fluctuation: **Significant** (high variation).



Financial data from Q2 2021 to Q1 2022 show considerable volatility. Liabilities on revenue increased significantly in Q1 2022, after a period of decrease in Q2 and Q3 2021. This overall increase stands at 99.67%. Current assets on revenue also displayed an overall increase (17.36%) with large fluctuations throughout the period. Cost efficiency (ratio of retained earnings to revenue) shows a marked downward trend (118.97%), driven by high volatility. Investment efficiency (retained earnings on assets) shows a slight overall decrease (11.74%). Earning per share also shows a marked decline (-275.0%) despite some positive periods throughout the three quarters.