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 44.15 (%).Trend:Decrease 52.71% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 129.05 (%).Trend:Increase 192.3% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 64.95 (%).Trend:Decrease 49.67% than previous quarter

Overall: increasing (47.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 16.15 (%).Trend:Decrease 68.01% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 48.31 (%).Trend:Increase 199.13% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 25.52 (%).Trend:Decrease 47.17% than previous quarter

Overall: increasing (58.02%). 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 -39.95 (%).Trend:Decrease 33.65% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -165.23 (%).Trend:Increase 313.59% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -80.77 (%).Trend:Decrease 51.12% than previous quarter

Overall: decreasing (102.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -25.39 (%).Trend:Increase 12.0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -35.54 (%).Trend:Increase 39.98% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -34.92 (%).Trend:Decrease 1.74% than previous quarter

Overall: decreasing (37.53%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.24 (USD).Trend:Increase 50.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 66.67% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.15 (USD).Trend:Increase 87.5% than previous quarter

Overall: decreasing (-37.5%). Fluctuation: **Significant** (high variation).



Financial statements for three quarters from 2021 to 2022 showcase significant volatility in key financial metrics.  Liabilities and current assets on revenue, cost efficiency, retained earnings, investment efficiency, and earnings per share demonstrate considerable variation from quarter to quarter.  Analysis will focus on the most important trends and relationships, while excluding outlier data.