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 35.78 (%).Trend:Decrease 21.78% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 102.19 (%).Trend:Increase 185.61% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 50.12 (%).Trend:Decrease 50.95% than previous quarter

Overall: increasing (40.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 53.04 (%).Trend:Decrease 32.24% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 161.69 (%).Trend:Increase 204.85% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 78.74 (%).Trend:Decrease 51.3% than previous quarter

Overall: increasing (48.45%). 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 78.21 (%).Trend:Decrease 34.38% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 227.33 (%).Trend:Increase 190.67% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 114.49 (%).Trend:Decrease 49.64% than previous quarter

Overall: increasing (46.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.62 (%).Trend:Decrease 4.65% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.45 (%).Trend:Decrease 1.97% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.17 (%).Trend:Decrease 3.31% than previous quarter

Overall: decreasing (-5.22%). 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 55.87 (%).Trend:Decrease 0.27% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 56.27 (%).Trend:Increase 0.72% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 58.14 (%).Trend:Increase 3.32% than previous quarter

Overall: increasing (4.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.18 (USD).Trend:Increase 48.3% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.66 (USD).Trend:Decrease 69.72% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.36 (USD).Trend:Increase 106.06% than previous quarter

Overall: decreasing (-37.61%). Fluctuation: **Significant** (high variation).



The financial review covers Q3 2021 to Q2 2022, analyzing working capital, cost, and investment efficiencies.  Liabilities and current assets relative to revenue show overall increases (40.08% and 48.45%), but with significant fluctuations. Retained earnings to revenue also increased significantly (46.39%), exhibiting high variability.  Conversely, SG&A expenses decreased slightly (-5.22%) with low variability, and retained earnings on assets showed a small increase (4.06%).  However, earnings per share decreased substantially (-37.61%), indicating high volatility.