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 28.86 (%).Trend:Decrease 25.75% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 78.68 (%).Trend:Increase 172.63% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 42.95 (%).Trend:Decrease 45.41% than previous quarter

Overall: increasing (48.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 97.06 (%).Trend:Decrease 32.34% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 186.07 (%).Trend:Increase 91.71% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 96.91 (%).Trend:Decrease 47.92% than previous quarter

Overall: decreasing (-0.15%). 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 -177.23 (%).Trend:Decrease 35.13% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -490.68 (%).Trend:Increase 176.86% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -238.19 (%).Trend:Decrease 51.46% than previous quarter

Overall: decreasing (34.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.66 (%).Trend:Increase 0.0% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.64 (%).Trend:Increase 4.14% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.7 (%).Trend:Decrease 7.87% than previous quarter

Overall: decreasing (-4.06%). Fluctuation: **Little** (low variation).


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 -45.53 (%).Trend:Increase 0.46% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -52.62 (%).Trend:Increase 15.57% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -51.89 (%).Trend:Decrease 1.39% than previous quarter

Overall: decreasing (13.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.37 (USD).Trend:Increase 15.62% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.34 (USD).Trend:Decrease 8.11% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.3 (USD).Trend:Decrease 11.76% than previous quarter

Overall: increasing (-18.92%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 shows significant fluctuations in key financial indicators. Liabilities on revenue increased (48.82%), displaying considerable volatility.  Conversely, current assets on revenue declined (-0.15%), exhibiting substantial quarterly variation. Cost efficiency, measured by the ratio of retained earnings to revenue, decreased (34.4%), with large fluctuations. Selling, general, and administrative (SG&A) expense ratios decreased (-4.06%), showing low variation.  Investment efficiency, calculated as retained earnings on assets, decreased (13.97%), displaying significant volatility.  Earnings per share slightly increased in negative value (-18.92%).