Working Capital Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 2: Liabilities on Revenue 18.72 (%).Trend:Decrease 40.61% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 13.69 (%).Trend:Decrease 26.87% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 33.94 (%).Trend:Increase 147.92% than previous quarter

Overall: increasing (81.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 21.15 (%).Trend:Decrease 39.03% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 15.37 (%).Trend:Decrease 27.33% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 37.23 (%).Trend:Increase 142.23% than previous quarter

Overall: increasing (76.03%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.89 (%).Trend:Decrease 35.99% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 4.01 (%).Trend:Decrease 18.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 12.75 (%).Trend:Increase 217.96% than previous quarter

Overall: increasing (160.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.77 (%).Trend:Decrease 0.43% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.65 (%).Trend:Decrease 0.47% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.16 (%).Trend:Decrease 1.91% than previous quarter

Overall: decreasing (-2.37%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2021 to Quater 1 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 2: Retained Earning on Assets 6.75 (%).Trend:Increase 11.2% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 7.83 (%).Trend:Increase 16.0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 10.53 (%).Trend:Increase 34.48% than previous quarter

Overall: increasing (56.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 1.27 (USD).Trend:Increase 58.75% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.97 (USD).Trend:Increase 55.12% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.86 (USD).Trend:Decrease 56.35% than previous quarter

Overall: decreasing (-32.28%). Fluctuation: **Significant** (high variation).



Financial analysis from Q2 2021 to Q1 2022 indicates a volatile performance.  Working capital metrics, including liabilities and current assets on revenue, demonstrate significant ups and downs.  Cost efficiency, with the SG&A expense ratio, shows a modest decrease.  Investment efficiency, as measured by retained earnings on assets, increases moderately. Earnings per share, however, experienced a notable decline. The data presents mixed performance with substantial fluctuations across all areas.