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 26.83 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 63.58 (%).Trend:Increase 136.97% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 31.39 (%).Trend:Decrease 50.63% than previous quarter

Overall: increasing (17.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 111.74 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 270.98 (%).Trend:Increase 142.51% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 140.23 (%).Trend:Decrease 48.25% than previous quarter

Overall: increasing (25.5%). 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 60.55 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 167.14 (%).Trend:Increase 176.04% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 87.93 (%).Trend:Decrease 47.39% than previous quarter

Overall: increasing (45.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 26.26 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 28.85 (%).Trend:Increase 9.86% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 29.56 (%).Trend:Increase 2.46% than previous quarter

Overall: increasing (12.57%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.13 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.28 (USD).Trend:Increase 115.38% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.54 (USD).Trend:Increase 92.86% than previous quarter

Overall: increasing (315.38%). Fluctuation: **Significant** (high variation).



Analysis of three quarters (Q3 2021 - Q2 2022) revealed significant fluctuations in key financial metrics.  Liabilities on revenue and current assets on revenue showed substantial increases followed by large decreases.  Ratio of retained earnings to revenue also displayed high volatility, whereas retained earnings on assets showed a steady, modest increase.  Earnings per share experienced dramatic growth.