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 40.33 (%).Trend:Decrease 48.22% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 33.13 (%).Trend:Decrease 17.85% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 92.93 (%).Trend:Increase 180.5% than previous quarter

Overall: increasing (130.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 67.45 (%).Trend:Decrease 47.47% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.43 (%).Trend:Decrease 25.23% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 141.59 (%).Trend:Increase 180.77% than previous quarter

Overall: increasing (109.92%). 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 54.22 (%).Trend:Decrease 46.85% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 37.74 (%).Trend:Decrease 30.39% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 136.3 (%).Trend:Increase 261.16% than previous quarter

Overall: increasing (151.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.61 (%).Trend:Decrease 1.48% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.83 (%).Trend:Increase 5.4% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.71 (%).Trend:Increase 7.89% than previous quarter

Overall: increasing (13.71%). 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 25.72 (%).Trend:Increase 3.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 24.75 (%).Trend:Decrease 3.77% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 29.44 (%).Trend:Increase 18.95% than previous quarter

Overall: increasing (14.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 2.04 (USD).Trend:Increase 129.21% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.48 (USD).Trend:Increase 21.57% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.59 (USD).Trend:Decrease 76.21% than previous quarter

Overall: decreasing (-71.08%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2021 to Q1 2022 reveals considerable fluctuations. Working capital efficiency metrics (liabilities and current assets on revenue) increased significantly, reflecting substantial variability.  The ratio of retained earnings to revenue also increased sharply, demonstrating high volatility.  While the SG&A expense ratio and retained earnings on assets showed smaller, consistent increases, earnings per share decreased dramatically, indicating potential concern.