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 41.49 (%).Trend:Decrease 32.06% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 123.1 (%).Trend:Increase 196.7% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 65.16 (%).Trend:Decrease 47.07% than previous quarter

Overall: increasing (57.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 60.51 (%).Trend:Decrease 31.69% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 154.12 (%).Trend:Increase 154.7% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 77.45 (%).Trend:Decrease 49.75% than previous quarter

Overall: increasing (28.0%). 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 -54.98 (%).Trend:Decrease 16.8% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -172.29 (%).Trend:Increase 213.37% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -101.12 (%).Trend:Decrease 41.31% than previous quarter

Overall: decreasing (83.92%). 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 -32.06 (%).Trend:Increase 30.54% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -31.38 (%).Trend:Decrease 2.12% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -38.31 (%).Trend:Increase 22.08% than previous quarter

Overall: decreasing (19.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -2.83 (USD).Trend:Increase 131.97% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.6 (USD).Trend:Decrease 43.46% than previous quarter
Year 2022 Quarter 2: Earning Per Share -3.27 (USD).Trend:Increase 104.38% than previous quarter

Overall: decreasing (15.55%). Fluctuation: **Significant** (high variation).



Financial statement analysis from Q3 2021 to Q2 2022 shows significant volatility in key financial indicators. Working capital metrics, including liabilities and current assets on revenue, reveal increasing trends, but are heavily influenced by quarter-to-quarter swings. Cost efficiency (retained earnings-to-revenue) demonstrates a decreasing trend with substantial variation between quarters.  Investment efficiency (retained earnings on assets) also decreases with high volatility. Finally, earnings per share show a decreasing trend, yet display significant quarter-to-quarter variation.