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 29.92 (%).Trend:Decrease 43.4% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 17.65 (%).Trend:Decrease 41.01% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 48.66 (%).Trend:Increase 175.69% than previous quarter

Overall: increasing (62.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 32.45 (%).Trend:Decrease 51.33% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 20.31 (%).Trend:Decrease 37.41% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 54.88 (%).Trend:Increase 170.21% than previous quarter

Overall: increasing (69.12%). 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 31.56 (%).Trend:Decrease 55.82% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 19.46 (%).Trend:Decrease 38.34% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 45.31 (%).Trend:Increase 132.84% than previous quarter

Overall: increasing (43.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Decrease 8.47% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.6 (%).Trend:Decrease 7.51% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.2 (%).Trend:Decrease 25.0% than previous quarter

Overall: decreasing (-30.64%). Fluctuation: **Neutral** (moderate 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 26.93 (%).Trend:Decrease 3.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.21 (%).Trend:Increase 1.04% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 27.03 (%).Trend:Decrease 0.66% than previous quarter

Overall: increasing (0.37%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -0.83 (USD).Trend:Decrease 44.3% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.08 (USD).Trend:Decrease 109.64% than previous quarter
Year 2022 Quarter 1: Earning Per Share 1.29 (USD).Trend:Increase 1512.5% than previous quarter

Overall: increasing (-255.42%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2021 to Q1 2022 shows both improvements and challenges. Liabilities and current assets on revenue showed a notable increase, indicating improvement in working capital efficiency, but this was accompanied by a substantial period of change, so the overall picture is not yet clear. Cost efficiency, as measured by the ratio of retained earnings to revenue, experienced an increase. The SG&A expense ratio trended downward overall. Investment efficiency, calculated using retained earnings on assets, remained fairly stable. Earnings per share showed a significant increase from prior quarters.