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 26.59 (%).Trend:Decrease 21.56% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 81.22 (%).Trend:Increase 205.45% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 37.89 (%).Trend:Decrease 53.35% than previous quarter

Overall: increasing (42.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 76.08 (%).Trend:Decrease 28.18% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 234.79 (%).Trend:Increase 208.61% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 118.76 (%).Trend:Decrease 49.42% than previous quarter

Overall: increasing (56.1%). 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 111.19 (%).Trend:Decrease 28.23% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 363.51 (%).Trend:Increase 226.93% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 187.25 (%).Trend:Decrease 48.49% than previous quarter

Overall: increasing (68.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.6 (%).Trend:Increase 1.61% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Decrease 8.1% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.06 (%).Trend:Decrease 4.49% than previous quarter

Overall: decreasing (-12.22%). 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 74.33 (%).Trend:Increase 0.94% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 79.44 (%).Trend:Increase 6.87% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 83.07 (%).Trend:Increase 4.57% than previous quarter

Overall: increasing (11.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 6.95 (USD).Trend:Increase 51.75% than previous quarter
Year 2022 Quarter 1: Earning Per Share 2.34 (USD).Trend:Decrease 66.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.87 (USD).Trend:Increase 108.12% than previous quarter

Overall: decreasing (-29.93%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 show considerable volatility. Working capital efficiency (liabilities and current assets on revenue) displays substantial swings, with significant increases and decreases. Cost efficiency demonstrates similar patterns of volatility, with the SG&A ratio remaining relatively stable while the retained earnings-to-revenue ratio fluctuates widely. Investment efficiency remains positive, though showing gradual growth. Earnings per share is highly variable, with significant fluctuations. These large variations necessitate a thorough analysis to understand underlying operational and financial factors.