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 40.99 (%).Trend:Decrease 57.86% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.01 (%).Trend:Decrease 31.67% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 92.93 (%).Trend:Increase 231.77% than previous quarter

Overall: increasing (126.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 94.61 (%).Trend:Decrease 53.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 79.17 (%).Trend:Decrease 16.32% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 151.39 (%).Trend:Increase 91.22% than previous quarter

Overall: increasing (60.01%). 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 -15.22 (%).Trend:Decrease 58.14% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -8.91 (%).Trend:Decrease 41.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -17.34 (%).Trend:Increase 94.61% than previous quarter

Overall: decreasing (13.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.66 (%).Trend:Decrease 9.35% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.47 (%).Trend:Decrease 0.92% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.04 (%).Trend:Increase 27.21% than previous quarter

Overall: increasing (26.04%). Fluctuation: **Neutral** (moderate variation).


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 -6.39 (%).Trend:Decrease 7.66% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -5.27 (%).Trend:Decrease 17.53% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -3.13 (%).Trend:Decrease 40.61% than previous quarter

Overall: increasing (-51.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Decrease 250.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 133.33% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter

Overall: decreasing (-233.33%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2021 to Q1 2022 reveals mixed results. Working capital efficiency exhibits a surprising increase in liabilities on revenue, while current assets on revenue show a similar yet less extreme increase. Cost efficiency shows a mixed trend in the ratio of retained earnings to revenue, and a continued slight decrease in SG&A expense ratio. Invest efficiency, with retained earnings on assets still trending upward, shows significant variation. Earning per share experienced a substantial decline, indicating a less than ideal performance.