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 71.49 (%).Trend:Decrease 56.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 58.66 (%).Trend:Decrease 17.95% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 147.2 (%).Trend:Increase 150.94% than previous quarter

Overall: increasing (105.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 112.7 (%).Trend:Decrease 52.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 83.81 (%).Trend:Decrease 25.63% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 231.43 (%).Trend:Increase 176.14% than previous quarter

Overall: increasing (105.35%). 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 14.9 (%).Trend:Decrease 49.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -2.74 (%).Trend:Decrease 118.39% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -14.07 (%).Trend:Increase 413.5% than previous quarter

Overall: decreasing (-194.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.16 (%).Trend:Decrease 8.69% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.54 (%).Trend:Increase 0.69% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.56 (%).Trend:Decrease 5.37% than previous quarter

Overall: decreasing (-4.71%). Fluctuation: **Little** (low 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 4.05 (%).Trend:Increase 5.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -0.85 (%).Trend:Decrease 120.99% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -1.68 (%).Trend:Increase 97.65% than previous quarter

Overall: decreasing (-141.48%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2021 to Q1 2022 shows significant fluctuations in working capital efficiency metrics.  Liabilities on revenue increased by 105.9% with high variability. Current assets on revenue also increased by 105.35% but with similar significant fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased substantially by 194.43%, indicating a decline in profitability.  Selling, General & Administrative (SG&A) expense ratio decreased by 4.71% with low variation.  Investment efficiency, as measured by retained earnings on assets, decreased significantly by 141.48%.