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 72.81 (%).Trend:Increase 19.48% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 139.77 (%).Trend:Increase 91.97% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 64.09 (%).Trend:Decrease 54.15% than previous quarter

Overall: decreasing (-11.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 122.95 (%).Trend:Decrease 11.57% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 289.49 (%).Trend:Increase 135.45% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 133.91 (%).Trend:Decrease 53.74% than previous quarter

Overall: increasing (8.91%). 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 141.15 (%).Trend:Decrease 32.61% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 444.39 (%).Trend:Increase 214.84% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 215.29 (%).Trend:Decrease 51.55% than previous quarter

Overall: increasing (52.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.27 (%).Trend:Decrease 0.13% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.11 (%).Trend:Increase 7.91% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.53 (%).Trend:Decrease 6.29% than previous quarter

Overall: increasing (1.12%). 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 66.13 (%).Trend:Decrease 13.34% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 77.58 (%).Trend:Increase 17.31% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 80.02 (%).Trend:Increase 3.15% than previous quarter

Overall: increasing (21.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.84 (USD).Trend:Increase 82.61% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.12 (USD).Trend:Decrease 114.29% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.22 (USD).Trend:Decrease 283.33% than previous quarter

Overall: decreasing (-73.81%). Fluctuation: **Significant** (high variation).



Financial analysis of three quarters (Q3 2021 to Q2 2022) reveals substantial fluctuations in various metrics.  Liabilities on revenue show a decrease, but with high volatility.  Current assets on revenue exhibit significant increases and decreases.  Cost efficiency and investment efficiency show substantial variations.  Retained earnings on assets demonstrate a more stable upward trend, while earnings per share show a large drop. The analysis should focus on identifying the underlying reasons for these substantial fluctuations.