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 181.03 (%).Trend:Increase 8.68% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 305.85 (%).Trend:Increase 68.95% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 122.86 (%).Trend:Decrease 59.83% than previous quarter

Overall: decreasing (-32.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 83.67 (%).Trend:Decrease 14.78% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 121.69 (%).Trend:Increase 45.44% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 69.82 (%).Trend:Decrease 42.62% than previous quarter

Overall: decreasing (-16.55%). 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 -47.81 (%).Trend:Decrease 1580.19% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -69.38 (%).Trend:Increase 45.12% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -15.04 (%).Trend:Decrease 78.32% than previous quarter

Overall: increasing (-68.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.61 (%).Trend:Decrease 15.85% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.78 (%).Trend:Decrease 22.99% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.19 (%).Trend:Decrease 21.22% than previous quarter

Overall: decreasing (-39.34%). Fluctuation: **Neutral** (moderate 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 -8.3 (%).Trend:Decrease 2284.21% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -7.91 (%).Trend:Decrease 4.7% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -3.89 (%).Trend:Decrease 50.82% than previous quarter

Overall: increasing (-53.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -9.7 (USD).Trend:Increase 177.14% than previous quarter
Year 2022 Quarter 1: Earning Per Share -4.05 (USD).Trend:Decrease 58.25% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.68 (USD).Trend:Decrease 58.52% than previous quarter

Overall: increasing (-82.68%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 show substantial variations in key areas. Liabilities on revenue decreased, while current assets on revenue also decreased, with significant quarterly fluctuations.  Cost efficiency, represented by SG&A expense ratios, demonstrates a consistent decline.  However, the ratio of retained earnings to revenue and retained earnings on assets reveal large negative overall changes, with high variation, pointing to instability in profitability and asset utilization. Earnings per share also decreased steadily, suggesting declining profitability.