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 26.17 (%).Trend:Decrease 18.5% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 85.35 (%).Trend:Increase 226.14% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 36.69 (%).Trend:Decrease 57.01% than previous quarter

Overall: increasing (40.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 31.85 (%).Trend:Decrease 33.7% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 99.59 (%).Trend:Increase 212.68% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 52.55 (%).Trend:Decrease 47.23% than previous quarter

Overall: increasing (64.99%). 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 -417.38 (%).Trend:Decrease 32.93% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -1259.66 (%).Trend:Increase 201.8% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -602.82 (%).Trend:Decrease 52.14% than previous quarter

Overall: decreasing (44.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.65 (%).Trend:Increase 4.36% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.08 (%).Trend:Increase 3.15% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.43 (%).Trend:Decrease 4.62% than previous quarter

Overall: decreasing (-1.61%). 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 -93.45 (%).Trend:Increase 3.51% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -95.54 (%).Trend:Increase 2.24% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -95.71 (%).Trend:Increase 0.18% than previous quarter

Overall: decreasing (2.42%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 75.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.01 (USD).Trend:Decrease 92.86% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.12 (USD).Trend:Increase 1100.0% than previous quarter

Overall: decreasing (-14.29%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 display considerable volatility. Liabilities and current assets on revenue increased initially, then decreased substantially in the second quarter of 2022, exhibiting large fluctuations throughout. The ratio of retained earnings to revenue continued a downward trend with significant variations. SG&A expense ratio fluctuated minimally, indicating stability. Investment efficiency showed a small but consistent negative trend in retained earnings on assets, necessitating further review. Earnings per share saw extreme fluctuations, indicating a high degree of variability.  Further analysis is warranted to understand the causes of these changes and guide potential corrective actions.