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 35.87 (%).Trend:Decrease 46.25% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.43 (%).Trend:Decrease 26.32% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 69.91 (%).Trend:Increase 164.51% than previous quarter

Overall: increasing (94.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 32.46 (%).Trend:Decrease 47.38% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 23.44 (%).Trend:Decrease 27.79% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 57.22 (%).Trend:Increase 144.11% than previous quarter

Overall: increasing (76.28%). 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 -44.63 (%).Trend:Decrease 49.8% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -29.95 (%).Trend:Decrease 32.89% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -82.04 (%).Trend:Increase 173.92% than previous quarter

Overall: decreasing (83.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.67 (%).Trend:Increase 3.36% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.15 (%).Trend:Increase 2.44% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.77 (%).Trend:Increase 3.08% than previous quarter

Overall: increasing (5.59%). Fluctuation: **Little** (low 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 -94.88 (%).Trend:Decrease 5.1% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -88.69 (%).Trend:Decrease 6.52% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -90.97 (%).Trend:Increase 2.57% than previous quarter

Overall: increasing (-4.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.05 (USD).Trend:Decrease 44.44% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 140.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 300.0% than previous quarter

Overall: decreasing (-20.0%). Fluctuation: **Significant** (high variation).



The Q2 2021 to Q1 2022 period shows significant financial fluctuations.  Liabilities and current assets relative to revenue increased substantially, although they initially declined. Cost efficiency (ratio of retained earnings to revenue) worsened. The SG&A expense ratio increased steadily. Investment efficiency (retained earnings on assets) showed marginal improvement, remaining negative. Earnings per share decreased considerably.