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 48.27 (%).Trend:Decrease 46.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.91 (%).Trend:Decrease 31.82% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 89.45 (%).Trend:Increase 171.8% than previous quarter

Overall: increasing (85.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 78.23 (%).Trend:Decrease 46.01% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.68 (%).Trend:Decrease 35.22% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 131.05 (%).Trend:Increase 158.58% than previous quarter

Overall: increasing (67.52%). 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 69.55 (%).Trend:Decrease 48.61% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 47.95 (%).Trend:Decrease 31.06% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 149.86 (%).Trend:Increase 212.53% than previous quarter

Overall: increasing (115.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.67 (%).Trend:Decrease 1.59% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.3 (%).Trend:Decrease 0.81% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.19 (%).Trend:Increase 6.38% than previous quarter

Overall: increasing (5.52%). 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 44.45 (%).Trend:Decrease 1.64% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 46.89 (%).Trend:Increase 5.49% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 51.61 (%).Trend:Increase 10.07% than previous quarter

Overall: increasing (16.11%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q2 2021 to Q1 2022 show an increase in working capital efficiency, measured by liabilities and current assets on revenue.  Cost efficiency, as evidenced by a marked increase in the retained earnings-to-revenue ratio, indicates possible cost optimization efforts. SG&A expense shows a little increase. Investment efficiency, indicated by retained earnings on assets, shows a steady increase.