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 27.52 (%).Trend:Decrease 48.9% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.47 (%).Trend:Decrease 32.89% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 63.66 (%).Trend:Increase 244.67% than previous quarter

Overall: increasing (131.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 34.29 (%).Trend:Decrease 53.02% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.76 (%).Trend:Decrease 24.88% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 74.85 (%).Trend:Increase 190.57% than previous quarter

Overall: increasing (118.29%). 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 23.72 (%).Trend:Decrease 49.4% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 17.01 (%).Trend:Decrease 28.29% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 58.07 (%).Trend:Increase 241.39% than previous quarter

Overall: increasing (144.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.96 (%).Trend:Decrease 3.44% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.66 (%).Trend:Decrease 1.11% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.82 (%).Trend:Increase 0.6% than previous quarter

Overall: decreasing (-0.52%). 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 19.53 (%).Trend:Increase 7.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.69 (%).Trend:Increase 5.94% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 23.8 (%).Trend:Increase 15.03% than previous quarter

Overall: increasing (21.86%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis of Q2 2021 to Q1 2022 shows significant volatility in working capital efficiency, with both liabilities and current assets on revenue increasing. Cost efficiency also shows substantial variation, with a significant increase in the retained earnings to revenue ratio. SG&A expenses show little fluctuation, declining overall. Investment efficiency reveals a steady increase in retained earnings on assets.