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 19.9 (%).Trend:Decrease 29.95% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 52.35 (%).Trend:Increase 163.07% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 22.61 (%).Trend:Decrease 56.81% than previous quarter

Overall: increasing (13.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 52.41 (%).Trend:Decrease 31.78% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 135.76 (%).Trend:Increase 159.03% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 64.66 (%).Trend:Decrease 52.37% than previous quarter

Overall: increasing (23.37%). 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 53.88 (%).Trend:Decrease 33.66% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 151.11 (%).Trend:Increase 180.46% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 78.69 (%).Trend:Decrease 47.93% than previous quarter

Overall: increasing (46.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.31 (%).Trend:Decrease 1.98% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.27 (%).Trend:Decrease 4.88% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.37 (%).Trend:Increase 0.49% than previous quarter

Overall: decreasing (-4.41%). 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 54.69 (%).Trend:Increase 0.66% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 58.5 (%).Trend:Increase 6.97% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 62.53 (%).Trend:Increase 6.89% than previous quarter

Overall: increasing (14.34%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.21 (USD).Trend:Increase 190.79% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.38 (USD).Trend:Decrease 37.56% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.86 (USD).Trend:Increase 107.25% than previous quarter

Overall: increasing (29.41%). Fluctuation: **Significant** (high variation).



The financial analysis of Q3 2021 to Q2 2022 reveals significant volatility in key financial metrics. Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates a fluctuating pattern. Cost efficiency, shown by the SG&A expense ratio, is steadily decreasing.  Investment efficiency, reflected in retained earnings on assets, displays a consistent upward trend. Earnings per share shows substantial quarter-to-quarter changes.  The data suggests a complex financial picture with volatile results across different financial segments.