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 26.77 (%).Trend:Decrease 36.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.06 (%).Trend:Decrease 13.86% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 49.07 (%).Trend:Increase 112.79% than previous quarter

Overall: increasing (83.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 298.4 (%).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 208.75 (%).Trend:Decrease 30.04% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 427.0 (%).Trend:Increase 104.55% than previous quarter

Overall: increasing (43.1%). 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 62.1 (%).Trend:Decrease 39.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 45.27 (%).Trend:Decrease 27.1% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 138.26 (%).Trend:Increase 205.41% than previous quarter

Overall: increasing (122.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 14.7 (%).Trend:Increase 6.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 15.25 (%).Trend:Increase 3.74% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 21.25 (%).Trend:Increase 39.34% than previous quarter

Overall: increasing (44.56%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 16.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.16 (USD).Trend:Increase 14.29% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 12.5% than previous quarter

Overall: stable (0.0%). Fluctuation: **Little** (low variation).



Financial analysis from Q2 2021 to Q1 2022 reveals fluctuating trends. Liabilities on revenue increased by 83.3%, while current assets on revenue also increased by 43.1%, but both showed significant volatility. Cost efficiency, as measured by retained earnings to revenue, increased sharply by 122.64%, demonstrating high volatility. Investment efficiency increased by 44.56%, with moderate fluctuation. Earnings per share remained relatively stable, with little fluctuation.