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 34.88 (%).Trend:Decrease 33.15% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 102.66 (%).Trend:Increase 194.32% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.47 (%).Trend:Decrease 51.81% than previous quarter

Overall: increasing (41.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 57.08 (%).Trend:Decrease 29.83% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 155.31 (%).Trend:Increase 172.09% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 77.73 (%).Trend:Decrease 49.95% than previous quarter

Overall: increasing (36.18%). 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 5.69 (%).Trend:Decrease 9.39% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 26.83 (%).Trend:Increase 371.53% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 15.6 (%).Trend:Decrease 41.86% than previous quarter

Overall: increasing (174.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.57 (%).Trend:Decrease 0.89% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.8 (%).Trend:Increase 1.48% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.01 (%).Trend:Decrease 5.0% than previous quarter

Overall: decreasing (-3.6%). 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 4.29 (%).Trend:Increase 34.48% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 6.47 (%).Trend:Increase 50.82% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 7.88 (%).Trend:Increase 21.79% than previous quarter

Overall: increasing (83.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 1.22 (USD).Trend:Increase 64.86% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.6 (USD).Trend:Decrease 50.82% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.25 (USD).Trend:Increase 108.33% than previous quarter

Overall: increasing (2.46%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2021 to Q2 2022 reveals substantial volatility in working capital efficiency. Liabilities on revenue and current assets on revenue both increased sharply in Q1 2022 after notable declines in the preceding quarter, indicating significant fluctuations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, saw a large increase in Q1 2022, followed by a significant decrease in Q2 2022.  SG&A expense ratio remained relatively stable, with slight increases and decreases.  Investment efficiency, as measured by retained earnings on assets, displayed consistent positive growth, while earnings per share showed an initial increase, followed by a substantial decrease in Q1 2022 and a subsequent recovery.