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 20.41 (%).Trend:Decrease 26.48% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 92.27 (%).Trend:Increase 352.08% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 42.7 (%).Trend:Decrease 53.72% than previous quarter

Overall: increasing (109.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 316.77 (%).Trend:Decrease 35.45% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 838.06 (%).Trend:Increase 164.56% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 319.5 (%).Trend:Decrease 61.88% than previous quarter

Overall: increasing (0.86%). 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 -81.48 (%).Trend:Decrease 13.19% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -436.19 (%).Trend:Increase 435.33% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -224.01 (%).Trend:Decrease 48.64% than previous quarter

Overall: decreasing (174.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.45 (%).Trend:Increase 16.47% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 68.63 (%).Trend:Increase 73.97% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.85 (%).Trend:Decrease 21.54% than previous quarter

Overall: increasing (36.5%). Fluctuation: **Significant** (high 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 -20.71 (%).Trend:Increase 25.59% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -36.88 (%).Trend:Increase 78.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -47.17 (%).Trend:Increase 27.9% than previous quarter

Overall: decreasing (127.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.61 (USD).Trend:Increase 117.57% than previous quarter
Year 2022 Quarter 1: Earning Per Share -1.58 (USD).Trend:Decrease 1.86% than previous quarter
Year 2022 Quarter 2: Earning Per Share -3.11 (USD).Trend:Increase 96.84% than previous quarter

Overall: decreasing (93.17%). Fluctuation: **Significant** (high variation).



Significant quarterly fluctuations are evident in key financial ratios. Liabilities on revenue increased dramatically in Q1 2022 (352.08% from prior quarter), then decreased in Q2 (53.72%) and further decreased again in Q3 (37.35%).  Current assets on revenue also exhibited substantial changes, increasing sharply in Q1 (164.56%), then decreasing significantly in Q2 (61.88%) and again in Q3 (35.74%).  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a similar volatile pattern, with dramatic increases and decreases across the period.  The SG&A expense ratio increased in Q1 (73.97%) before declining slightly in Q2 (21.54%) and slightly increasing in Q3 (5.52%).  Investment efficiency, calculated by retained earnings on assets, shows decreasing trends, fluctuating significantly.  Earnings per share also declined across the three quarters with significant quarterly fluctuations.  These trends indicate significant volatility requiring further investigation.