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 23.58 (%).Trend:Decrease 29.38% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 68.22 (%).Trend:Increase 189.31% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 34.33 (%).Trend:Decrease 49.68% than previous quarter

Overall: increasing (45.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 37.65 (%).Trend:Decrease 36.92% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 112.56 (%).Trend:Increase 198.96% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 57.06 (%).Trend:Decrease 49.31% than previous quarter

Overall: increasing (51.55%). 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 118.99 (%).Trend:Decrease 32.66% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 369.71 (%).Trend:Increase 210.71% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 179.92 (%).Trend:Decrease 51.33% than previous quarter

Overall: increasing (51.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.42 (%).Trend:Decrease 0.23% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.21 (%).Trend:Decrease 5.65% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.65 (%).Trend:Decrease 2.77% than previous quarter

Overall: decreasing (-8.26%). Fluctuation: **Little** (low variation).


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 57.52 (%).Trend:Increase 5.08% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 61.17 (%).Trend:Increase 6.35% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 62.63 (%).Trend:Increase 2.39% than previous quarter

Overall: increasing (8.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.96 (USD).Trend:Increase 56.61% than previous quarter
Year 2022 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 68.24% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.06 (USD).Trend:Increase 119.15% than previous quarter

Overall: decreasing (-30.41%). Fluctuation: **Significant** (high variation).



Financial statement analysis of Q3 2021 to Q2 2022 displays significant fluctuations in several key areas.  Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, show substantial increases and decreases across the quarters.  SG&A expenses show a steady, gradual decline.  Investment efficiency and retained earnings on assets demonstrate more consistent, albeit moderate increases. Earnings per share display significant volatility, decreasing, then increasing.