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 30.87 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 106.66 (%).Trend:Increase 245.51% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 56.69 (%).Trend:Decrease 46.85% than previous quarter

Overall: increasing (83.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 83.71 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 272.51 (%).Trend:Increase 225.54% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 132.96 (%).Trend:Decrease 51.21% than previous quarter

Overall: increasing (58.83%). 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 82.76 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 259.35 (%).Trend:Increase 213.38% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 116.06 (%).Trend:Decrease 55.25% than previous quarter

Overall: increasing (40.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.73 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.92 (%).Trend:Increase 1.29% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.06 (%).Trend:Decrease 5.76% than previous quarter

Overall: decreasing (-4.55%). 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 66.9 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 65.22 (%).Trend:Decrease 2.51% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 61.88 (%).Trend:Decrease 5.12% than previous quarter

Overall: decreasing (-7.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.22 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.24 (USD).Trend:Increase 9.09% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.34 (USD).Trend:Increase 41.67% than previous quarter

Overall: decreasing (54.55%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased drastically in Q1 2022, then decreased substantially in Q2 2022, before further decreasing in Q3 2022.  Current assets on revenue also demonstrate a similar trend of substantial increases and decreases across the quarters. Cost efficiency shows a mixed picture, with the SG&A expense ratio decreasing slightly overall, while the ratio of retained earnings to revenue increased significantly in Q1 2022, decreased in Q2 2022 and decreased in Q3 2022. Invest efficiency shows a slight overall decrease in retained earnings on assets with little fluctuation. Earning per share shows significant fluctuations, decreasing overall.