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 32.62 (%).Trend:Decrease 42.79% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.04 (%).Trend:Increase 4.35% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 60.55 (%).Trend:Increase 77.88% than previous quarter

Overall: increasing (85.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 210.42 (%).Trend:Decrease 45.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 71.72 (%).Trend:Decrease 65.92% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 145.33 (%).Trend:Increase 102.64% than previous quarter

Overall: decreasing (-30.93%). 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 71.94 (%).Trend:Decrease 46.6% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 45.15 (%).Trend:Decrease 37.24% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 86.76 (%).Trend:Increase 92.16% than previous quarter

Overall: increasing (20.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 25.55 (%).Trend:Decrease 0.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 16.53 (%).Trend:Decrease 35.3% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 17.41 (%).Trend:Increase 5.32% than previous quarter

Overall: decreasing (-31.86%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.49 (USD).Trend:Decrease 2.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.47 (USD).Trend:Decrease 4.08% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.28 (USD).Trend:Decrease 40.43% than previous quarter

Overall: decreasing (-42.86%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2021 to Q1 2022 reveals a mixed picture.  Liability-to-revenue ratio increased sharply in Q1 2022, contrasting with a decline in the prior quarters. Current assets on revenue also exhibited a significant fluctuation, decreasing overall but seeing a surge in Q1 2022.  Cost efficiency, measured by retained earnings to revenue, has increased overall in the period, but the rate of increase was high. Investment efficiency has also decreased. Earnings per share experienced a substantial decrease through the period. The significant fluctuations in these key metrics underscore a volatile financial environment.