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 31.48 (%).Trend:Decrease 29.46% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 107.63 (%).Trend:Increase 241.9% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.21 (%).Trend:Decrease 54.28% than previous quarter

Overall: increasing (56.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 46.58 (%).Trend:Decrease 27.65% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 154.79 (%).Trend:Increase 232.31% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 72.92 (%).Trend:Decrease 52.89% than previous quarter

Overall: increasing (56.55%). 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 26.83 (%).Trend:Decrease 30.94% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 92.12 (%).Trend:Increase 243.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 42.58 (%).Trend:Decrease 53.78% than previous quarter

Overall: increasing (58.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.62 (%).Trend:Increase 1.22% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.07 (%).Trend:Increase 6.8% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.37 (%).Trend:Decrease 9.9% than previous quarter

Overall: decreasing (-3.78%). 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 26.99 (%).Trend:Increase 1.93% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 27.82 (%).Trend:Increase 3.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 28.36 (%).Trend:Increase 1.94% than previous quarter

Overall: increasing (5.08%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 1.65 (USD).Trend:Increase 101.22% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.03 (USD).Trend:Decrease 101.82% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.91 (USD).Trend:Decrease 3133.33% than previous quarter

Overall: decreasing (-44.85%). Fluctuation: **Significant** (high variation).



Financial statements from Quarter 3 2021 to Quarter 2 2022 are examined.  Significant fluctuations are observed in liabilities and current assets on revenue, both increasing overall.  A significant increase is noted in the ratio of retained earnings to revenue.  The SG&A expense ratio shows a slight downward trend.  Investment efficiency (retained earnings on assets) shows a steady upward trend with minimal fluctuation.  Earning per share reveals a significant overall downward trend.