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 38.69 (%).Trend:Decrease 20.78% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 99.81 (%).Trend:Increase 157.97% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 57.23 (%).Trend:Decrease 42.66% than previous quarter

Overall: increasing (47.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 296.09 (%).Trend:Decrease 32.77% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 725.12 (%).Trend:Increase 144.9% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 357.3 (%).Trend:Decrease 50.73% than previous quarter

Overall: increasing (20.67%). 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 86.28 (%).Trend:Decrease 42.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 164.64 (%).Trend:Increase 90.82% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 72.47 (%).Trend:Decrease 55.98% than previous quarter

Overall: decreasing (-16.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.71 (%).Trend:Increase 0.19% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.85 (%).Trend:Decrease 11.12% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.31 (%).Trend:Decrease 6.74% than previous quarter

Overall: decreasing (-17.11%). 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 25.25 (%).Trend:Decrease 13.59% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 19.75 (%).Trend:Decrease 21.78% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 17.75 (%).Trend:Decrease 10.13% than previous quarter

Overall: decreasing (-29.7%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.37 (USD).Trend:Increase 55.68% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.3 (USD).Trend:Decrease 78.1% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.5 (USD).Trend:Increase 66.67% than previous quarter

Overall: increasing (-63.5%). Fluctuation: **Significant** (high variation).



Key findings from Q3 2021 to Q2 2022 show significant volatility. Liabilities and current assets on revenue increased, but with major fluctuations.  Cost efficiency is mixed, with SG&A expenses decreasing while retained earnings on revenue fell sharply.  Retained earnings on assets show a consistent downward trend, raising concerns about investment efficiency. While earnings per share improved from negative figures, volatility remains a significant issue.