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 28.31 (%).Trend:Decrease 42.28% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 9.28 (%).Trend:Decrease 67.22% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 72.97 (%).Trend:Increase 686.31% than previous quarter

Overall: increasing (157.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 170.58 (%).Trend:Decrease 59.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 76.8 (%).Trend:Decrease 54.98% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 108.17 (%).Trend:Increase 40.85% than previous quarter

Overall: decreasing (-36.59%). 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 -111.02 (%).Trend:Decrease 52.17% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -73.11 (%).Trend:Decrease 34.15% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -191.54 (%).Trend:Increase 161.99% than previous quarter

Overall: decreasing (72.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.31 (%).Trend:Decrease 4.0% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.56 (%).Trend:Decrease 5.81% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.87 (%).Trend:Increase 2.94% than previous quarter

Overall: decreasing (-3.04%). 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 -28.63 (%).Trend:Increase 2.21% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -29.85 (%).Trend:Increase 4.26% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -29.66 (%).Trend:Decrease 0.64% than previous quarter

Overall: decreasing (3.6%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.43 (USD).Trend:Increase 65.38% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.48 (USD).Trend:Increase 11.63% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.4 (USD).Trend:Decrease 16.67% than previous quarter

Overall: increasing (-6.98%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2021 to Q1 2022 reveals a period of fluctuating performance. Liabilities on revenue show a sharp initial decrease then an increase in Q1, suggesting working capital instability.  Current assets on revenue demonstrate a significant overall decrease. Cost efficiency, measured by retained earnings to revenue, shows a consistent downward trend with considerable fluctuations. The SG&A expense ratio shows a slight downward trend with low variation. Investment efficiency and earnings per share demonstrate considerable variability, indicating fluctuations in profitability and asset management.