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 50.65 (%).Trend:Decrease 32.1% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 117.25 (%).Trend:Increase 131.49% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 57.13 (%).Trend:Decrease 51.28% than previous quarter

Overall: increasing (12.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 68.13 (%).Trend:Decrease 20.05% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 140.17 (%).Trend:Increase 105.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 52.84 (%).Trend:Decrease 62.3% than previous quarter

Overall: decreasing (-22.44%). 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 -13.77 (%).Trend:Decrease 38.44% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -8.09 (%).Trend:Decrease 41.25% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -1.18 (%).Trend:Decrease 85.41% than previous quarter

Overall: increasing (-91.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.72 (%).Trend:Decrease 1.99% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.49 (%).Trend:Decrease 13.06% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.94 (%).Trend:Increase 8.32% than previous quarter

Overall: decreasing (-5.83%). 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 -6.89 (%).Trend:Decrease 11.89% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -1.59 (%).Trend:Decrease 76.92% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -0.47 (%).Trend:Decrease 70.44% than previous quarter

Overall: increasing (-93.18%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.04 (USD).Trend:Decrease 55.56% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 725.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.36 (USD).Trend:Increase 44.0% than previous quarter

Overall: increasing (-1000.0%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant volatility in working capital efficiency. Liabilities on revenue increased slightly overall but with large quarter-to-quarter changes.  Current assets on revenue decreased substantially, also exhibiting significant volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, indicates a general increase but with highly varying trends.  Selling, general, and administrative (SG&A) expense ratio decreased slightly overall with little quarter-to-quarter variation.  Investment efficiency, represented by retained earnings on assets, shows an increasing trend but with considerable fluctuation. Earnings per share also displays a significant upward trend overall, but with high quarter-to-quarter volatility.