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 38.94 (%).Trend:Decrease 24.11% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 137.04 (%).Trend:Increase 251.93% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 66.3 (%).Trend:Decrease 51.62% than previous quarter

Overall: increasing (70.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 436.95 (%).Trend:Decrease 47.07% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 1182.57 (%).Trend:Increase 170.64% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 737.36 (%).Trend:Decrease 37.65% than previous quarter

Overall: increasing (68.75%). 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 99.56 (%).Trend:Decrease 46.86% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 66.77 (%).Trend:Decrease 32.93% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -32.64 (%).Trend:Decrease 148.88% than previous quarter

Overall: decreasing (-132.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.25 (%).Trend:Decrease 21.8% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 4.19 (%).Trend:Decrease 74.22% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -3.72 (%).Trend:Decrease 188.78% than previous quarter

Overall: decreasing (-122.89%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -2.7 (USD).Trend:Increase 78.81% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.48 (USD).Trend:Decrease 45.19% than previous quarter
Year 2022 Quarter 2: Earning Per Share -3.11 (USD).Trend:Increase 110.14% than previous quarter

Overall: decreasing (15.19%). Fluctuation: **Significant** (high variation).



The Q3 2021 to Q2 2022 financial statement analysis reveals a complex situation. While liabilities on revenue and current assets on revenue increased (70.26% and 68.75% respectively), both showing high volatility,  cost efficiency metrics deteriorated significantly. The ratio of retained earnings to revenue and retained earnings on assets decreased dramatically (-132.78% and -122.89%).  Earnings per share also decreased by 15.19%.  This suggests a need for careful review and potential corrective action.