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 28.27 (%).Trend:Decrease 26.17% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 70.99 (%).Trend:Increase 151.11% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 35.48 (%).Trend:Decrease 50.02% than previous quarter

Overall: increasing (25.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 67.36 (%).Trend:Decrease 31.98% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 163.11 (%).Trend:Increase 142.15% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 81.69 (%).Trend:Decrease 49.92% than previous quarter

Overall: increasing (21.27%). 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 38.21 (%).Trend:Decrease 35.39% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 102.75 (%).Trend:Increase 168.91% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 53.83 (%).Trend:Decrease 47.61% than previous quarter

Overall: increasing (40.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.51 (%).Trend:Decrease 0.48% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.06 (%).Trend:Decrease 11.59% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.59 (%).Trend:Increase 4.79% than previous quarter

Overall: decreasing (-7.35%). 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 39.77 (%).Trend:Decrease 3.52% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 40.2 (%).Trend:Increase 1.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 40.53 (%).Trend:Increase 0.82% than previous quarter

Overall: increasing (1.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.18 (USD).Trend:Increase 28.57% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.25 (USD).Trend:Increase 38.89% than previous quarter

Overall: increasing (78.57%). Fluctuation: **Significant** (high variation).



The financial statement responses indicate significant fluctuations in working capital and cost efficiency.  Liabilities and current assets on revenue display substantial quarterly changes, suggesting instability. The retained earnings-to-revenue ratio also shows considerable volatility. However, selling, general, and administrative (SG&A) expenses show a steady downward trend. Investment efficiency, measured by retained earnings on assets, demonstrates minimal variation. Earnings per share show a notable upward trajectory but with substantial quarterly variability.  These findings signal the need for a thorough analysis of underlying factors and potential adjustments to financial strategies.