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 48.38 (%).Trend:Decrease 52.87% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.55 (%).Trend:Decrease 32.72% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 94.62 (%).Trend:Increase 190.69% than previous quarter

Overall: increasing (95.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 76.17 (%).Trend:Decrease 57.05% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 48.66 (%).Trend:Decrease 36.12% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 139.71 (%).Trend:Increase 187.11% than previous quarter

Overall: increasing (83.42%). 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 58.07 (%).Trend:Decrease 56.22% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 21.2 (%).Trend:Decrease 63.49% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 52.87 (%).Trend:Increase 149.39% than previous quarter

Overall: decreasing (-8.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.8 (%).Trend:Decrease 8.17% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Decrease 0.68% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.01 (%).Trend:Increase 2.47% than previous quarter

Overall: increasing (1.78%). Fluctuation: **Little** (low 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 31.1 (%).Trend:Increase 2.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.98 (%).Trend:Decrease 32.54% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 19.71 (%).Trend:Decrease 6.05% than previous quarter

Overall: decreasing (-36.62%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2021 to Q1 2022 presents a complex picture of working capital and cost efficiency.  Liabilities and current assets on revenue saw significant increases, but with high quarter-to-quarter volatility. Cost efficiency, as measured by the retained earnings-to-revenue ratio, declined overall, while SG&A expenses exhibited a slight upward trend.  Investment efficiency, indicated by retained earnings on assets, demonstrated a downward trend. The large quarter-to-quarter fluctuations highlight the need for more precise analysis of underlying factors.