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 30.74 (%).Trend:Decrease 23.63% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 70.47 (%).Trend:Increase 129.25% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 38.61 (%).Trend:Decrease 45.21% than previous quarter

Overall: increasing (25.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 60.4 (%).Trend:Decrease 30.42% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 168.79 (%).Trend:Increase 179.45% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 87.36 (%).Trend:Decrease 48.24% than previous quarter

Overall: increasing (44.64%). 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 79.05 (%).Trend:Decrease 30.53% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 242.77 (%).Trend:Increase 207.11% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 122.11 (%).Trend:Decrease 49.7% than previous quarter

Overall: increasing (54.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.0 (%).Trend:Increase 1.93% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.59 (%).Trend:Increase 8.37% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.43 (%).Trend:Increase 4.08% than previous quarter

Overall: increasing (12.79%). 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 55.2 (%).Trend:Increase 1.98% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 59.56 (%).Trend:Increase 7.9% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 60.12 (%).Trend:Increase 0.94% than previous quarter

Overall: increasing (8.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 5.88 (USD).Trend:Increase 54.74% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.76 (USD).Trend:Decrease 70.07% than previous quarter
Year 2022 Quarter 2: Earning Per Share 3.29 (USD).Trend:Increase 86.93% than previous quarter

Overall: decreasing (-44.05%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2021 to Q2 2022 shows a mixed picture.  Working capital efficiency, indicated by liabilities and current assets on revenue, increased overall but with major quarterly swings. Cost efficiency, measured by the retained earnings-to-revenue ratio, increased substantially. Selling, General, and Administrative (SG&A) expenses rose moderately with minimal variation. Investment efficiency, represented by retained earnings on assets, increased steadily with little change. Earnings per share, however, dropped considerably, with large variations between quarters.