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 27.97 (%).Trend:Decrease 34.63% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 76.06 (%).Trend:Increase 171.93% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.97 (%).Trend:Decrease 39.56% than previous quarter

Overall: increasing (64.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 18.81 (%).Trend:Decrease 31.3% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 57.12 (%).Trend:Increase 203.67% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 33.53 (%).Trend:Decrease 41.3% than previous quarter

Overall: increasing (78.26%). 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 75.63 (%).Trend:Decrease 33.0% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 225.05 (%).Trend:Increase 197.57% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 108.2 (%).Trend:Decrease 51.92% than previous quarter

Overall: increasing (43.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Decrease 1.77% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.37 (%).Trend:Decrease 1.71% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Increase 5.59% than previous quarter

Overall: increasing (3.79%). 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 25.83 (%).Trend:Increase 1.21% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 26.85 (%).Trend:Increase 3.95% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 24.48 (%).Trend:Decrease 8.83% than previous quarter

Overall: decreasing (-5.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 3.06 (USD).Trend:Increase 56.12% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.11 (USD).Trend:Decrease 63.73% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.29 (USD).Trend:Increase 106.31% than previous quarter

Overall: decreasing (-25.16%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2021 to Q2 2022 shows significant volatility.  Working capital efficiency fluctuated greatly, with liabilities on revenue increasing in Q1 2022 and then decreasing in Q2 2022. Current assets on revenue followed a similar volatile trend. Cost efficiency exhibits a large increase in the retained earnings to revenue ratio in Q1 2022, followed by a decrease in Q2 2022.  SG&A expense ratio displays a slight upward trend with low fluctuation. Investment efficiency displays a slight decrease in retained earnings on assets from Q1 to Q2 2022. Earnings per share showed significant volatility, decreasing in Q1 2022, then increasing in Q2 2022.