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 139.21 (%).Trend:Decrease 60.89% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 268.94 (%).Trend:Increase 93.19% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 127.97 (%).Trend:Decrease 52.42% than previous quarter

Overall: decreasing (-8.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 142.04 (%).Trend:Decrease 68.92% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 99.8 (%).Trend:Decrease 29.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.34 (%).Trend:Decrease 53.57% than previous quarter

Overall: decreasing (-67.38%). 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 -73.56 (%).Trend:Decrease 62.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -78.23 (%).Trend:Increase 6.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -42.16 (%).Trend:Decrease 46.11% than previous quarter

Overall: increasing (-42.69%). 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 -5.3 (%).Trend:Decrease 69.35% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -6.12 (%).Trend:Increase 15.47% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -6.85 (%).Trend:Increase 11.93% than previous quarter

Overall: decreasing (29.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.85 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.45 (USD).Trend:Increase 70.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.95 (USD).Trend:Increase 34.48% than previous quarter

Overall: decreasing (129.41%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 shows a consistently declining trend in working capital efficiency. Liabilities on revenue decreased slightly but fluctuated significantly, while current assets on revenue declined considerably. The ratio of retained earnings to revenue shows a positive trend overall, but with marked quarter-to-quarter volatility. Retained earnings on assets also show a negative overall trend but significant quarter-to-quarter changes. Earnings per share decreased significantly throughout the period. The high degree of fluctuation across all metrics necessitates further investigation.