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 139.21 (%).Trend:Decrease 60.89% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 268.94 (%).Trend:Increase 93.19% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 127.97 (%).Trend:Decrease 52.42% than previous quarter

Overall: decreasing (-8.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 142.04 (%).Trend:Decrease 68.92% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 99.8 (%).Trend:Decrease 29.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.34 (%).Trend:Decrease 53.57% than previous quarter

Overall: decreasing (-67.38%). 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 -73.56 (%).Trend:Decrease 62.46% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -78.23 (%).Trend:Increase 6.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -42.16 (%).Trend:Decrease 46.11% than previous quarter

Overall: increasing (-42.69%). 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 -5.3 (%).Trend:Decrease 69.35% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -6.12 (%).Trend:Increase 15.47% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -6.85 (%).Trend:Increase 11.93% than previous quarter

Overall: decreasing (29.25%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.85 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.45 (USD).Trend:Increase 70.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.95 (USD).Trend:Increase 34.48% than previous quarter

Overall: decreasing (129.41%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 reveals high volatility. Liabilities on revenue decreased overall, but with significant quarterly variation. Current assets on revenue displayed a strong downward trend, again with marked quarterly changes. The ratio of retained earnings to revenue shows an overall positive trend, although substantial fluctuation occurs across the periods analyzed. Retained earnings on assets show a negative overall trend, also with significant volatility. Earnings per share decreased across the three quarters.  Further analysis is warranted to understand the underlying causes of these fluctuations.