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 46.02 (%).Trend:Decrease 44.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 35.02 (%).Trend:Decrease 23.9% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 86.92 (%).Trend:Increase 148.2% than previous quarter

Overall: increasing (88.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 42.13 (%).Trend:Decrease 48.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 32.98 (%).Trend:Decrease 21.72% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 127.07 (%).Trend:Increase 285.29% than previous quarter

Overall: increasing (201.61%). 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 -12.1 (%).Trend:Decrease 55.0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -6.38 (%).Trend:Decrease 47.27% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -29.28 (%).Trend:Increase 358.93% than previous quarter

Overall: decreasing (141.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.86 (%).Trend:Decrease 3.55% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.19 (%).Trend:Decrease 6.17% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.11 (%).Trend:Increase 38.47% than previous quarter

Overall: increasing (29.93%). Fluctuation: **Neutral** (moderate 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 -10.95 (%).Trend:Decrease 3.95% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -8.64 (%).Trend:Decrease 21.1% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -10.39 (%).Trend:Increase 20.25% than previous quarter

Overall: increasing (-5.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.08 (USD).Trend:Decrease 200.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.15 (USD).Trend:Decrease 287.5% than previous quarter

Overall: decreasing (87.5%). Fluctuation: **Significant** (high variation).



The financial data from Q2 2021 to Q1 2022 demonstrates substantial volatility. Working capital shows increasing, yet highly fluctuating, Liabilities and Current Assets on Revenue. Cost efficiency is hampered by a decreasing Ratio of Retained Earnings to Revenue, while SG&A expenses show a moderate increase. Investment efficiency, as indicated by Retained Earning on Assets, is declining. Most concerning is the significant decrease in Earnings Per Share. The consistent “Significant” fluctuation rating across most metrics highlights the instability of the company’s performance. This suggests a need for deeper analysis to identify the root causes of these variations and potential risks.