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 9.28 (%).Trend:Decrease 67.22% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 72.97 (%).Trend:Increase 686.31% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 25.47 (%).Trend:Decrease 65.1% than previous quarter

Overall: increasing (174.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 76.8 (%).Trend:Decrease 54.98% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 108.17 (%).Trend:Increase 40.85% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 163.46 (%).Trend:Increase 51.11% than previous quarter

Overall: increasing (112.84%). 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 -73.11 (%).Trend:Decrease 34.15% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -191.54 (%).Trend:Increase 161.99% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -98.41 (%).Trend:Decrease 48.62% than previous quarter

Overall: decreasing (34.61%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.56 (%).Trend:Decrease 5.81% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 45.87 (%).Trend:Increase 2.94% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 46.68 (%).Trend:Increase 1.77% than previous quarter

Overall: increasing (4.76%). 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 -29.85 (%).Trend:Increase 4.26% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -29.66 (%).Trend:Decrease 0.64% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -23.33 (%).Trend:Decrease 21.34% than previous quarter

Overall: increasing (-21.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.48 (USD).Trend:Increase 11.63% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.4 (USD).Trend:Decrease 16.67% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.85 (USD).Trend:Increase 112.5% than previous quarter

Overall: decreasing (77.08%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2021 to Q2 2022 demonstrates significant variations. Liabilities on revenue show substantial increases and decreases, fluctuating substantially. Current assets on revenue also show a pattern of significant increase and decrease, further suggesting financial instability. Cost efficiency, measured by the ratio of retained earnings to revenue, displays a consistent, although substantial, decline.  The SG&A expense ratio displays minimal fluctuations, showing a gradual increase. Investment efficiency (retained earnings on assets) shows a pattern of increasing and decreasing.  Earnings per share show a decreasing trend, indicating a possible concern in profitability, and high volatility.