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 70.52 (%).Trend:Decrease 32.52% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 208.4 (%).Trend:Increase 195.52% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 134.2 (%).Trend:Decrease 35.6% than previous quarter

Overall: increasing (90.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 76.33 (%).Trend:Decrease 27.43% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 245.67 (%).Trend:Increase 221.85% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 131.29 (%).Trend:Decrease 46.56% than previous quarter

Overall: increasing (72.0%). 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 108.1 (%).Trend:Decrease 30.93% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 332.03 (%).Trend:Increase 207.15% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 176.92 (%).Trend:Decrease 46.72% than previous quarter

Overall: increasing (63.66%). 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 43.41 (%).Trend:Decrease 1.3% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 44.85 (%).Trend:Increase 3.32% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 46.04 (%).Trend:Increase 2.65% than previous quarter

Overall: increasing (6.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 3.63 (USD).Trend:Increase 69.63% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.54 (USD).Trend:Decrease 57.58% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.47 (USD).Trend:Increase 60.39% than previous quarter

Overall: decreasing (-31.96%). Fluctuation: **Significant** (high variation).



Financial performance reveals substantial volatility across three quarters. Liabilities and current assets on revenue demonstrate significant fluctuations, suggesting unstable working capital management. Cost efficiency, measured by the retained earnings-to-revenue ratio, also exhibits high variability. Investment efficiency, however, demonstrates consistent growth. Earnings per share show a mixed trend, with considerable volatility. The results underscore a need for further investigation into the underlying causes of these fluctuations.