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 27.75 (%).Trend:Decrease 33.94% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 104.4 (%).Trend:Increase 276.22% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.59 (%).Trend:Decrease 52.5% than previous quarter

Overall: increasing (78.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 72.61 (%).Trend:Decrease 30.63% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 469.65 (%).Trend:Increase 546.81% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 230.54 (%).Trend:Decrease 50.91% than previous quarter

Overall: increasing (217.5%). 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 39.42 (%).Trend:Decrease 32.31% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 118.2 (%).Trend:Increase 199.85% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 57.3 (%).Trend:Decrease 51.52% than previous quarter

Overall: increasing (45.36%). 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 8.09 (%).Trend:Increase 1.12% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 6.89 (%).Trend:Decrease 14.83% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 6.79 (%).Trend:Decrease 1.45% than previous quarter

Overall: decreasing (-16.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.05 (USD).Trend:Increase 150.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 160.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 166.67% than previous quarter

Overall: decreasing (-260.0%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant volatility across key metrics. Working capital efficiency is unstable, with liabilities on revenue fluctuating dramatically and current assets on revenue experiencing substantial swings. Cost efficiency, measured by the ratio of retained earnings to revenue, also displays large fluctuations. Investment efficiency, in contrast, shows relatively little fluctuation but is still decreasing. Earnings per share are consistently negative and exhibit substantial volatility. These findings suggest potential issues with financial stability and management.