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 32.44 (%).Trend:Decrease 41.01% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 106.48 (%).Trend:Increase 228.24% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 51.79 (%).Trend:Decrease 51.36% than previous quarter

Overall: increasing (59.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 28.27 (%).Trend:Decrease 45.42% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 86.75 (%).Trend:Increase 206.86% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 43.89 (%).Trend:Decrease 49.41% than previous quarter

Overall: increasing (55.25%). 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 -5.45 (%).Trend:Decrease 44.84% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -10.43 (%).Trend:Increase 91.38% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -5.54 (%).Trend:Decrease 46.88% than previous quarter

Overall: decreasing (1.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.01 (%).Trend:Increase 3.13% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.13 (%).Trend:Increase 0.48% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.4 (%).Trend:Increase 9.03% than previous quarter

Overall: increasing (9.56%). 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 -1.6 (%).Trend:Decrease 16.67% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -1.0 (%).Trend:Decrease 37.5% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -1.05 (%).Trend:Increase 5.0% than previous quarter

Overall: increasing (-34.38%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.09 (USD).Trend:Increase 36.6% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.57 (USD).Trend:Decrease 72.73% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.48 (USD).Trend:Decrease 15.79% than previous quarter

Overall: decreasing (-77.03%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 shows a complex picture. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits substantial fluctuations, with increases followed by decreases.  Cost efficiency displays a slightly decreasing trend in the ratio of retained earnings to revenue, while the SG&A expense ratio increases steadily.  Investment efficiency demonstrates significant variability in retained earnings on assets. Earnings per share have decreased overall, despite some quarterly increases, with substantial fluctuations. The data suggest a need for ongoing monitoring and potential adjustments to financial strategy.