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 13.14 (%).Trend:Decrease 24.7% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 28.71 (%).Trend:Increase 118.49% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 18.63 (%).Trend:Decrease 35.11% than previous quarter

Overall: increasing (41.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 41.52 (%).Trend:Decrease 33.7% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 102.27 (%).Trend:Increase 146.32% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 58.13 (%).Trend:Decrease 43.16% than previous quarter

Overall: increasing (40.0%). 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 11.74 (%).Trend:Decrease 70.24% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 45.14 (%).Trend:Increase 284.5% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 25.16 (%).Trend:Decrease 44.26% than previous quarter

Overall: increasing (114.31%). 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 4.29 (%).Trend:Decrease 52.39% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 6.21 (%).Trend:Increase 44.76% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 6.96 (%).Trend:Increase 12.08% than previous quarter

Overall: increasing (62.24%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.24 (USD).Trend:Decrease 44.19% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 8.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.41 (USD).Trend:Increase 86.36% than previous quarter

Overall: increasing (70.83%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 show considerable volatility. Working capital efficiency metrics, including liabilities and current assets on revenue, exhibit substantial fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a pronounced upward trend. Investment efficiency increases slightly, but earnings per share continue to fluctuate significantly. These variations make comparisons difficult and call for further analysis.