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 38.05 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.19 (%).Trend:Decrease 31.17% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 72.38 (%).Trend:Increase 176.37% than previous quarter

Overall: increasing (90.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 90.46 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 65.45 (%).Trend:Decrease 27.65% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 132.08 (%).Trend:Increase 101.8% than previous quarter

Overall: increasing (46.01%). 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 52.82 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 39.37 (%).Trend:Decrease 25.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 59.15 (%).Trend:Increase 50.24% than previous quarter

Overall: increasing (11.98%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.55 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.6 (%).Trend:Increase 0.2% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.59 (%).Trend:Increase 4.02% than previous quarter

Overall: increasing (4.24%). 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 33.66 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 36.19 (%).Trend:Increase 7.52% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 23.17 (%).Trend:Decrease 35.98% than previous quarter

Overall: decreasing (-31.16%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 2.22 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.49 (USD).Trend:Increase 57.21% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.12 (USD).Trend:Decrease 67.91% than previous quarter

Overall: decreasing (-49.55%). Fluctuation: **Significant** (high variation).



Analysis reveals significant volatility in working capital.  Liabilities and current assets on revenue show substantial increases overall, but with marked quarter-to-quarter fluctuations. Cost efficiency metrics present a mixed picture: retained earnings on revenue demonstrate modest growth, while SG&A expenses show a small, steady increase. Investment efficiency is concerning, with retained earnings on assets and earnings per share declining sharply.