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 31.25 (%).Trend:Decrease 41.75% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 111.19 (%).Trend:Increase 255.81% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 50.9 (%).Trend:Decrease 54.22% than previous quarter

Overall: increasing (62.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 70.12 (%).Trend:Decrease 30.36% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 208.4 (%).Trend:Increase 197.2% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 84.44 (%).Trend:Decrease 59.48% than previous quarter

Overall: increasing (20.42%). 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 -8.67 (%).Trend:Decrease 44.95% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -16.96 (%).Trend:Increase 95.62% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -13.83 (%).Trend:Decrease 18.46% than previous quarter

Overall: decreasing (59.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 53.44 (%).Trend:Increase 8.13% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 52.25 (%).Trend:Decrease 2.23% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.82 (%).Trend:Decrease 6.56% than previous quarter

Overall: decreasing (-8.65%). 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 -4.5 (%).Trend:Decrease 18.48% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -3.13 (%).Trend:Decrease 30.44% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -6.32 (%).Trend:Increase 101.92% than previous quarter

Overall: decreasing (40.44%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.29 (USD).Trend:Increase 16.84% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 64.19% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.98 (USD).Trend:Increase 141.46% than previous quarter

Overall: decreasing (-13.54%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2021 to Q2 2022 reveals significant volatility across key financial metrics.  Working capital efficiency indicators (liabilities and current assets on revenue) show overall increases but with substantial fluctuations. Cost efficiency, as measured by retained earnings on revenue, demonstrates a significant decrease, while SG&A expenses decreased slightly. Investment efficiency (retained earnings on assets) shows a considerable decline, mirroring the negative trend in earnings per share.