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 98.53 (%).Trend:Decrease 39.73% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 190.47 (%).Trend:Increase 93.31% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 184.98 (%).Trend:Decrease 2.88% than previous quarter

Overall: increasing (87.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 1539.4 (%).Trend:Decrease 51.38% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 1837.58 (%).Trend:Increase 19.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 583.36 (%).Trend:Decrease 68.25% than previous quarter

Overall: decreasing (-62.1%). 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 -1720.52 (%).Trend:Decrease 45.56% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -2628.7 (%).Trend:Increase 52.79% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -1316.52 (%).Trend:Decrease 49.92% than previous quarter

Overall: increasing (-23.48%). 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 -93.6 (%).Trend:Increase 10.89% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -116.43 (%).Trend:Increase 24.39% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -73.07 (%).Trend:Decrease 37.24% than previous quarter

Overall: increasing (-21.93%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.87 (USD).Trend:Increase 74.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.36 (USD).Trend:Decrease 58.62% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.88 (USD).Trend:Increase 144.44% than previous quarter

Overall: decreasing (1.15%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased sharply from Q3 2021 to Q1 2022, then decreased slightly in Q2 2022.  Current assets on revenue decreased significantly throughout the period.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also showed large swings, increasing in Q1 2022 then decreasing in Q2 2022. Investment efficiency, measured by retained earnings on assets, exhibited a similar pattern of fluctuating increases and decreases.  Earnings per share also experienced considerable volatility, trending downward overall.