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 975900000000.0 (%).Trend:Decrease 5.45% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 1386000000000.0 (%).Trend:Increase 42.02% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 1310100000000.0 (%).Trend:Decrease 5.48% than previous quarter

Overall: increasing (34.25%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 1653400000000.0 (%).Trend:Decrease 5.82% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 2089000000000.0 (%).Trend:Increase 26.35% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 1973200000000.0 (%).Trend:Decrease 5.54% than previous quarter

Overall: increasing (19.34%). Fluctuation: **Neutral** (moderate 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 883000000000.0 (%).Trend:Increase 6.91% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 958100000000.0 (%).Trend:Increase 8.51% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 969200000000.0 (%).Trend:Increase 1.16% than previous quarter

Overall: increasing (9.76%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 89600000000.0 (%).Trend:Increase 57.75% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30800000000.0 (%).Trend:Decrease 65.62% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 64200000000.0 (%).Trend:Increase 108.44% than previous quarter

Overall: decreasing (-28.35%). Fluctuation: **Significant** (high 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 36.63 (%).Trend:Increase 11.27% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 33.36 (%).Trend:Decrease 8.93% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 35.35 (%).Trend:Increase 5.97% than previous quarter

Overall: decreasing (-3.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 12.91 (USD).Trend:Increase 54.61% than previous quarter
Year 2022 Quarter 1: Earning Per Share 4.83 (USD).Trend:Decrease 62.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share 6.08 (USD).Trend:Increase 25.88% than previous quarter

Overall: decreasing (-52.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 reveals mixed results. Working capital efficiency shows increasing liabilities on revenue and current assets on revenue, with neutral fluctuation. Cost efficiency shows an overall decrease in SG&A expense ratio with high variation. The ratio of retained earnings to revenue consistently increased with little fluctuation.  Invest efficiency shows a slight decrease in retained earnings on assets with little fluctuation. Earnings per share shows a substantial decline in Q1 2022, followed by a moderate recovery and continued growth in Q2 2022.