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 9.28 (%).Trend:Decrease 67.22% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 72.97 (%).Trend:Increase 686.31% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 25.47 (%).Trend:Decrease 65.1% than previous quarter

Overall: increasing (174.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 76.8 (%).Trend:Decrease 54.98% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 108.17 (%).Trend:Increase 40.85% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 163.46 (%).Trend:Increase 51.11% than previous quarter

Overall: increasing (112.84%). 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 -73.11 (%).Trend:Decrease 34.15% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -191.54 (%).Trend:Increase 161.99% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -98.41 (%).Trend:Decrease 48.62% than previous quarter

Overall: decreasing (34.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.56 (%).Trend:Decrease 5.81% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.87 (%).Trend:Increase 2.94% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.68 (%).Trend:Increase 1.77% than previous quarter

Overall: increasing (4.76%). 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 -29.85 (%).Trend:Increase 4.26% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -29.66 (%).Trend:Decrease 0.64% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -23.33 (%).Trend:Decrease 21.34% than previous quarter

Overall: increasing (-21.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.48 (USD).Trend:Increase 11.63% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.4 (USD).Trend:Decrease 16.67% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.85 (USD).Trend:Increase 112.5% than previous quarter

Overall: decreasing (77.08%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 highlights significant volatility.  Liabilities and current assets on revenue both show significant fluctuations,  with substantial increases and decreases across the three quarters. Cost efficiency, as measured by the ratio of retained earnings to revenue, displays a clear and consistent decreasing trend. The selling, general, and administrative (SG&A) expense ratio exhibits minimal fluctuations, showing a gradual increase. Investment efficiency (retained earnings on assets) shows significant variations. Earnings per share display a consistently negative trend, indicating a possible concern about profitability.