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 54.64 (%).Trend:Decrease 39.68% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 38.81 (%).Trend:Decrease 28.97% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 115.8 (%).Trend:Increase 198.38% than previous quarter

Overall: increasing (111.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 72.94 (%).Trend:Decrease 56.15% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.19 (%).Trend:Decrease 32.56% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 137.6 (%).Trend:Increase 179.73% than previous quarter

Overall: increasing (88.65%). 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 -689.23 (%).Trend:Decrease 52.06% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -468.63 (%).Trend:Decrease 32.01% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -1556.1 (%).Trend:Increase 232.05% than previous quarter

Overall: decreasing (125.77%). 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 -168.26 (%).Trend:Decrease 12.26% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -174.95 (%).Trend:Increase 3.98% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -161.33 (%).Trend:Decrease 7.79% than previous quarter

Overall: increasing (-4.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 1300.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 137.5% than previous quarter

Overall: decreasing (-78.57%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2021 to Q1 2022 reveals substantial fluctuations in financial performance. Working capital efficiency (liabilities and current assets on revenue) increased, yet with volatility across quarters. Cost efficiency (retained earnings ratio) trended downward with major shifts. Investment efficiency (retained earnings on assets) increased slightly, but with considerable variation. Earnings per share also demonstrated significant variability and a decrease overall. These results indicate considerable instability and warrant further investigation.