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 44.95 (%).Trend:Decrease 49.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 27.01 (%).Trend:Decrease 39.91% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 102.16 (%).Trend:Increase 278.23% than previous quarter

Overall: increasing (127.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 67.71 (%).Trend:Decrease 49.98% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 43.97 (%).Trend:Decrease 35.06% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 160.92 (%).Trend:Increase 265.98% than previous quarter

Overall: increasing (137.66%). 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 30.35 (%).Trend:Decrease 51.66% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 22.54 (%).Trend:Decrease 25.73% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 80.92 (%).Trend:Increase 259.01% than previous quarter

Overall: increasing (166.62%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.8 (%).Trend:Decrease 3.54% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.17 (%).Trend:Increase 1.49% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.13 (%).Trend:Increase 23.68% than previous quarter

Overall: increasing (25.52%). Fluctuation: **Neutral** (moderate 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 23.93 (%).Trend:Increase 0.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 26.87 (%).Trend:Increase 12.29% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 26.4 (%).Trend:Decrease 1.75% than previous quarter

Overall: increasing (10.32%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 2.7 (USD).Trend:Increase 167.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.81 (USD).Trend:Increase 41.11% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.42 (USD).Trend:Decrease 88.98% than previous quarter

Overall: decreasing (-84.44%). Fluctuation: **Significant** (high variation).



Key findings from Q2 2021 to Q1 2022 show strong upward trends in liabilities on revenue (127.27%), current assets on revenue (137.66%), and ratio of retained earnings to revenue (166.62%), suggesting improved working capital and cost efficiency.  However, a sharp decline in earnings per share (-84.44%) raises concerns.  Retained earnings on assets increased slightly (10.32%), while SG&A expenses showed a moderate increase (25.52%).