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 30.94 (%).Trend:Decrease 34.39% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 84.13 (%).Trend:Increase 171.91% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 41.37 (%).Trend:Decrease 50.83% than previous quarter

Overall: increasing (33.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 59.12 (%).Trend:Decrease 35.15% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 166.23 (%).Trend:Increase 181.17% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 80.4 (%).Trend:Decrease 51.63% than previous quarter

Overall: increasing (35.99%). 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 141.08 (%).Trend:Decrease 42.68% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 387.02 (%).Trend:Increase 174.33% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 182.8 (%).Trend:Decrease 52.77% than previous quarter

Overall: increasing (29.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.99 (%).Trend:Decrease 4.31% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.4 (%).Trend:Increase 3.42% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.18 (%).Trend:Decrease 9.84% than previous quarter

Overall: decreasing (-6.76%). 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 43.33 (%).Trend:Decrease 3.88% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 43.92 (%).Trend:Increase 1.36% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 44.26 (%).Trend:Increase 0.77% than previous quarter

Overall: increasing (2.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -4.3 (USD).Trend:Decrease 4009.09% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 106.74% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.76 (USD).Trend:Increase 162.07% than previous quarter

Overall: increasing (-117.67%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2021 to Q2 2022 reveals significant variations across various financial metrics.  Liabilities, current assets, and the retained earnings-to-revenue ratio exhibit substantial fluctuations, often exceeding 100%.  Cost efficiency, the SG&A expense ratio, investment efficiency, and retained earnings on assets show varied trends. Earnings per share displays the most notable volatility, including a substantial drop in Q3 2021.  The analysis will highlight key findings after removing any outliers or zero values.