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 31.45 (%).Trend:Decrease 22.4% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 76.31 (%).Trend:Increase 142.64% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 42.91 (%).Trend:Decrease 43.77% than previous quarter

Overall: increasing (36.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 78.21 (%).Trend:Decrease 33.27% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 206.48 (%).Trend:Increase 164.01% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 117.56 (%).Trend:Decrease 43.06% than previous quarter

Overall: increasing (50.31%). 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 31.3 (%).Trend:Decrease 46.13% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 80.62 (%).Trend:Increase 157.57% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 40.03 (%).Trend:Decrease 50.35% than previous quarter

Overall: increasing (27.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.82 (%).Trend:Decrease 2.04% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.37 (%).Trend:Decrease 8.22% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.01 (%).Trend:Increase 5.99% than previous quarter

Overall: decreasing (-2.72%). 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 8.22 (%).Trend:Decrease 17.88% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 8.37 (%).Trend:Increase 1.82% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 7.93 (%).Trend:Decrease 5.26% than previous quarter

Overall: decreasing (-3.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.39 (USD).Trend:Decrease 1075.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 161.54% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.19 (USD).Trend:Decrease 20.83% than previous quarter

Overall: increasing (-148.72%). Fluctuation: **Significant** (high variation).



The financial analysis covers Q3 2021 to Q2 2022.  Significant fluctuations are observed in Liabilities on Revenue (overall increase of 36.44%), Current assets on Revenue (overall increase of 50.31%), and Ratio of Retained Earnings to Revenue (overall increase of 27.89%). Conversely, Selling, General & Administrative (SG&A) Expense Ratio shows a small decrease (-2.72%), and Retained Earning on Assets shows a small decrease (-3.53%).  Earning Per Share shows an overall increase of -148.72%.