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 22.1 (%).Trend:Decrease 27.25% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 58.67 (%).Trend:Increase 165.48% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 30.53 (%).Trend:Decrease 47.96% than previous quarter

Overall: increasing (38.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 35.36 (%).Trend:Decrease 33.68% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 88.83 (%).Trend:Increase 151.22% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 45.62 (%).Trend:Decrease 48.64% than previous quarter

Overall: increasing (29.02%). 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 45.48 (%).Trend:Decrease 33.33% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 138.44 (%).Trend:Increase 204.4% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 68.84 (%).Trend:Decrease 50.27% than previous quarter

Overall: increasing (51.36%). 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 33.73 (%).Trend:Increase 0.6% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 37.13 (%).Trend:Increase 10.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 37.16 (%).Trend:Increase 0.08% than previous quarter

Overall: increasing (10.17%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 12.75 (USD).Trend:Increase 35.64% than previous quarter
Year 2022 Quarter 1: Earning Per Share 4.17 (USD).Trend:Decrease 67.29% than previous quarter
Year 2022 Quarter 2: Earning Per Share 8.11 (USD).Trend:Increase 94.48% than previous quarter

Overall: decreasing (-36.39%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 indicates significant volatility in several key areas. Working capital efficiency, represented by both liabilities and current assets on revenue, displays a pattern of increase and decrease throughout the period. Cost efficiency, as reflected in the ratio of retained earnings to revenue, reveals large fluctuations.  Investment efficiency shows a relatively steady increase in retained earnings on assets. Earnings per share, however, show a major decrease in Q1 2022 after growth in preceding quarters, followed by a partial recovery in Q2 2022.