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 39.44 (%).Trend:Decrease 45.15% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.91 (%).Trend:Decrease 24.16% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 72.1 (%).Trend:Increase 141.06% than previous quarter

Overall: increasing (82.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 174.35 (%).Trend:Decrease 51.35% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 118.3 (%).Trend:Decrease 32.15% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 314.62 (%).Trend:Increase 165.95% than previous quarter

Overall: increasing (80.45%). 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 -26.37 (%).Trend:Decrease 45.42% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -18.83 (%).Trend:Decrease 28.59% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -57.04 (%).Trend:Increase 202.92% than previous quarter

Overall: decreasing (116.31%). 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 -5.64 (%).Trend:Increase 10.16% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.24 (%).Trend:Increase 10.64% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -7.11 (%).Trend:Increase 13.94% than previous quarter

Overall: decreasing (26.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.49 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 57.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 64.94% than previous quarter

Overall: increasing (-44.9%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2021 to Q1 2022 reveals significant fluctuations in key metrics. Liabilities and current assets on revenue both increased overall despite quarterly decreases, then large increases.  The ratio of retained earnings to revenue showed an overall decrease with significant variation. Retained earnings on assets decreased, while earnings per share increased, but with notable volatility.