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 52.32 (%).Trend:Decrease 33.73% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 122.55 (%).Trend:Increase 134.23% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 57.18 (%).Trend:Decrease 53.34% than previous quarter

Overall: increasing (9.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 166.72 (%).Trend:Decrease 40.84% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 316.47 (%).Trend:Increase 89.82% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 138.48 (%).Trend:Decrease 56.24% than previous quarter

Overall: decreasing (-16.94%). 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 -221.95 (%).Trend:Decrease 31.36% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -553.59 (%).Trend:Increase 149.42% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -287.34 (%).Trend:Decrease 48.1% than previous quarter

Overall: decreasing (29.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.08 (%).Trend:Decrease 4.44% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.9 (%).Trend:Decrease 19.91% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.28 (%).Trend:Increase 1.16% than previous quarter

Overall: decreasing (-18.99%). Fluctuation: **Neutral** (moderate 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 -92.81 (%).Trend:Increase 12.22% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -116.28 (%).Trend:Increase 25.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -133.45 (%).Trend:Increase 14.77% than previous quarter

Overall: decreasing (43.79%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -2.02 (USD).Trend:Increase 44.29% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.61 (USD).Trend:Decrease 69.8% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.17 (USD).Trend:Increase 91.8% than previous quarter

Overall: increasing (-42.08%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2021 to Q2 2022 displays significant volatility. Liabilities on revenue show a mixed trend, decreasing then increasing, and again decreasing. Current assets on revenue similarly decrease and then increase, displaying unstable performance. Cost efficiency shows a decline in the retained earnings-to-revenue ratio, while the SG&A expense ratio decreases overall. Investment efficiency reveals a consistent downward trend in retained earnings on assets. Earnings per share also show significant fluctuation and a downward trend. The erratic nature of these findings demands further investigation.