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).



Financial analysis from Q3 2021 to Q2 2022 reveals significant fluctuations in liabilities, current assets, and retained earnings ratios. Cost efficiency shows minor fluctuations, while earnings per share decline.  Overall, significant variation is found in revenue-to-liability and asset-to-earning ratios, while SG&A shows less volatility.  Data quality controls (removal of outliers and zero values) are essential. The report will summarize the observed trends and provide key insights into financial performance.