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 24.43 (%).Trend:Decrease 41.34% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 67.46 (%).Trend:Increase 176.14% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 33.53 (%).Trend:Decrease 50.3% than previous quarter

Overall: increasing (37.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 8.33 (%).Trend:Decrease 42.95% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 24.61 (%).Trend:Increase 195.44% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 13.8 (%).Trend:Decrease 43.93% than previous quarter

Overall: increasing (65.67%). 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 -122.91 (%).Trend:Decrease 36.13% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -357.53 (%).Trend:Increase 190.89% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -163.7 (%).Trend:Decrease 54.21% than previous quarter

Overall: decreasing (33.19%). 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 -132.72 (%).Trend:Increase 4.16% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -144.9 (%).Trend:Increase 9.18% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -142.65 (%).Trend:Decrease 1.55% than previous quarter

Overall: decreasing (7.48%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -0.78 (USD).Trend:Increase 14.71% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.28 (USD).Trend:Decrease 64.1% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.26 (USD).Trend:Decrease 7.14% than previous quarter

Overall: increasing (-66.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2021 to Q2 2022 showcase significant fluctuations in various financial metrics. Liabilities on revenue show an increase overall, yet with substantial quarter-to-quarter variations. Current assets on revenue also increased overall but fluctuate considerably. Cost efficiency, measured by the retained earnings-to-revenue ratio, shows an overall decreasing trend with substantial variation. Investment efficiency shows a continuing decrease, with significant variability. Earnings per share remain consistently negative and demonstrate an increasing negative trend overall, with considerable quarterly volatility.