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 16.74 (%).Trend:Decrease 37.09% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 34.58 (%).Trend:Increase 106.57% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 18.68 (%).Trend:Decrease 45.98% than previous quarter

Overall: increasing (11.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 72.14 (%).Trend:Decrease 27.8% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 133.0 (%).Trend:Increase 84.36% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 66.84 (%).Trend:Decrease 49.74% than previous quarter

Overall: decreasing (-7.35%). 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 34.15 (%).Trend:Decrease 26.1% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 15.6 (%).Trend:Decrease 54.32% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 6.03 (%).Trend:Decrease 61.35% than previous quarter

Overall: decreasing (-82.34%). 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 25.49 (%).Trend:Increase 11.16% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 7.1 (%).Trend:Decrease 72.15% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 5.63 (%).Trend:Decrease 20.7% than previous quarter

Overall: decreasing (-77.91%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.68 (USD).Trend:Increase 58.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.53 (USD).Trend:Decrease 177.94% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.61 (USD).Trend:Increase 15.09% than previous quarter

Overall: decreasing (-189.71%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 show declining trends across most metrics. Liabilities on revenue show a fluctuation with a slight increase (11.59%). However, current assets on revenue show a significant decrease (-7.35%).  Cost efficiency, measured by the retained earnings to revenue ratio, decreased substantially (-82.34%), indicating a worrisome trend. Investment efficiency, measured by retained earnings on assets, also shows a considerable decrease (-77.91%), and earnings per share have also declined considerably (-189.71%). These negative trends across multiple key metrics suggest a potential need for financial review and strategic adjustments.