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 154.36 (%).Trend:Decrease 58.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 102.85 (%).Trend:Decrease 33.37% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 338.91 (%).Trend:Increase 229.52% than previous quarter

Overall: increasing (119.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 437.36 (%).Trend:Decrease 65.2% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 240.57 (%).Trend:Decrease 44.99% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 870.05 (%).Trend:Increase 261.66% than previous quarter

Overall: increasing (98.93%). 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 -1904.28 (%).Trend:Decrease 58.88% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1140.01 (%).Trend:Decrease 40.13% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -4304.84 (%).Trend:Increase 277.61% than previous quarter

Overall: decreasing (126.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 179.74 (%).Trend:Decrease 20.92% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 153.99 (%).Trend:Decrease 14.33% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 198.77 (%).Trend:Increase 29.08% than previous quarter

Overall: increasing (10.59%). 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 -413.8 (%).Trend:Increase 18.01% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -450.61 (%).Trend:Increase 8.9% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -474.83 (%).Trend:Increase 5.37% than previous quarter

Overall: decreasing (14.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.93 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.25 (USD).Trend:Increase 34.41% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.31 (USD).Trend:Decrease 75.2% than previous quarter

Overall: increasing (-66.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2021 to Q1 2022 show significant fluctuations in working capital efficiency. Liabilities on revenue increased substantially from Q1 to Q3 2022, after decreases in Q2 and Q3 2021. Current assets on revenue also showed substantial increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased overall with significant volatility. SG&A expense ratio increased. Investment efficiency and earning per share showed fluctuating decreases with significant quarterly changes.