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 22.61 (%).Trend:Decrease 25.84% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 52.08 (%).Trend:Increase 130.34% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 25.85 (%).Trend:Decrease 50.36% than previous quarter

Overall: increasing (14.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 46.38 (%).Trend:Decrease 36.22% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 127.36 (%).Trend:Increase 174.6% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 67.82 (%).Trend:Decrease 46.75% than previous quarter

Overall: increasing (46.23%). 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 76.26 (%).Trend:Decrease 35.01% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 204.99 (%).Trend:Increase 168.8% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 5.79 (%).Trend:Decrease 97.18% than previous quarter

Overall: decreasing (-92.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.68 (%).Trend:Decrease 1.39% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.06 (%).Trend:Decrease 19.09% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.24 (%).Trend:Increase 0.64% than previous quarter

Overall: decreasing (-18.57%). 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 69.51 (%).Trend:Increase 0.9% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 72.95 (%).Trend:Increase 4.95% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 4.13 (%).Trend:Decrease 94.34% than previous quarter

Overall: decreasing (-94.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 0.06 (USD).Trend:Increase 50.0% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.39 (USD).Trend:Increase 550.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 110.26% than previous quarter

Overall: increasing (1266.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 show significant volatility. Working capital efficiency (liabilities and current assets on revenue) displays considerable fluctuations. Cost efficiency shows a large decrease in the ratio of retained earnings to revenue. SG&A expense ratio shows a slight overall decrease. Investment efficiency and earnings per share demonstrate highly volatile increases and decreases respectively.