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 37.91 (%).Trend:Decrease 41.7% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 135.42 (%).Trend:Increase 257.21% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 61.04 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (61.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 30.78 (%).Trend:Decrease 37.11% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 108.4 (%).Trend:Increase 252.18% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 53.56 (%).Trend:Decrease 50.59% than previous quarter

Overall: increasing (74.01%). 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 -16.58 (%).Trend:Decrease 46.13% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -51.92 (%).Trend:Increase 213.15% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -15.97 (%).Trend:Decrease 69.24% than previous quarter

Overall: increasing (-3.68%). 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 -22.47 (%).Trend:Decrease 12.5% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -24.01 (%).Trend:Increase 6.85% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -17.01 (%).Trend:Decrease 29.15% than previous quarter

Overall: increasing (-24.3%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.55 (USD).Trend:Decrease 48.5% than previous quarter
Year 2022 Quarter 1: Earning Per Share -2.31 (USD).Trend:Increase 49.03% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.2 (USD).Trend:Decrease 108.66% than previous quarter

Overall: increasing (-112.9%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2021 to Q2 2022 shows significant fluctuations in key financial metrics. Liabilities on revenue increased dramatically in Q1 2022, then decreased substantially in Q2 2022 before decreasing further in Q3 2022.  Current assets on revenue also exhibited similar patterns of substantial increases and decreases. The ratio of retained earnings to revenue fluctuated significantly, trending overall upward with significant fluctuations. Retained earnings on assets and earnings per share showed similar erratic patterns.  The overall trend for all indicators displays increases but with extreme variation.