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 30.3 (%).Trend:Decrease 40.2% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 107.52 (%).Trend:Increase 254.85% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 50.39 (%).Trend:Decrease 53.13% than previous quarter

Overall: increasing (66.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 78.03 (%).Trend:Decrease 46.41% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 211.75 (%).Trend:Increase 171.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 93.41 (%).Trend:Decrease 55.89% than previous quarter

Overall: increasing (19.71%). 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 49.66 (%).Trend:Decrease 36.77% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 132.06 (%).Trend:Increase 165.93% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 58.76 (%).Trend:Decrease 55.51% than previous quarter

Overall: increasing (18.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.99 (%).Trend:Decrease 3.48% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.72 (%).Trend:Increase 14.63% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.41 (%).Trend:Increase 12.06% than previous quarter

Overall: increasing (28.46%). 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 20.75 (%).Trend:Increase 6.08% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 19.04 (%).Trend:Decrease 8.24% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 18.52 (%).Trend:Decrease 2.73% than previous quarter

Overall: decreasing (-10.75%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 1.43 (USD).Trend:Decrease 4.67% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.39 (USD).Trend:Decrease 127.27% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.75 (USD).Trend:Increase 92.31% than previous quarter

Overall: decreasing (-152.45%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 shows significant fluctuations in working capital efficiency metrics. Liabilities on revenue initially decreased, then increased substantially in Q1 2022, followed by a decrease in Q2 2022.  Current assets on revenue also show similar volatility, with significant increases and decreases.  Cost efficiency, measured by the ratio of retained earnings to revenue, demonstrates a similar pattern of substantial increases and decreases. SG&A expense ratio shows a more moderate increase throughout the period. Investment efficiency, as measured by retained earnings on assets, shows a slight overall decrease.  Earnings per share are declining significantly, with fluctuating quarterly performance.