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 33.42 (%).Trend:Decrease 50.57% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.46 (%).Trend:Decrease 26.81% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 73.92 (%).Trend:Increase 202.21% than previous quarter

Overall: increasing (121.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 45.32 (%).Trend:Decrease 51.65% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 34.32 (%).Trend:Decrease 24.27% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 95.25 (%).Trend:Increase 177.53% than previous quarter

Overall: increasing (110.17%). 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 34.8 (%).Trend:Decrease 42.89% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 25.97 (%).Trend:Decrease 25.37% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 60.74 (%).Trend:Increase 133.89% than previous quarter

Overall: increasing (74.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.23 (%).Trend:Increase 0.16% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.76 (%).Trend:Increase 2.91% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.59 (%).Trend:Decrease 11.57% than previous quarter

Overall: decreasing (-9.0%). 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 23.05 (%).Trend:Increase 12.82% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 25.13 (%).Trend:Increase 9.02% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 29.03 (%).Trend:Increase 15.52% than previous quarter

Overall: increasing (25.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 2.88 (USD).Trend:Increase 94.59% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.43 (USD).Trend:Increase 53.82% than previous quarter
Year 2022 Quarter 1: Earning Per Share 3.11 (USD).Trend:Decrease 29.8% than previous quarter

Overall: increasing (7.99%). Fluctuation: **Neutral** (moderate variation).



Financial analysis for Q2 2021 to Q1 2022 reveals a mixed picture of financial performance.  Working capital efficiency (liabilities and current assets on revenue) and cost efficiency (retained earnings to revenue ratio) demonstrate substantial increases, though with high volatility, while investment efficiency and earnings per share show more moderate increases.  The SG&A expense ratio displays a slight decrease.