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 78.95 (%).Trend:Decrease 45.22% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 52.32 (%).Trend:Decrease 33.73% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 122.55 (%).Trend:Increase 134.23% than previous quarter

Overall: increasing (55.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 2: Current assets on Revenue 281.83 (%).Trend:Decrease 54.98% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 166.72 (%).Trend:Decrease 40.84% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 316.47 (%).Trend:Increase 89.82% than previous quarter

Overall: increasing (12.29%). 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 -323.34 (%).Trend:Decrease 45.66% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -221.95 (%).Trend:Decrease 31.36% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -553.59 (%).Trend:Increase 149.42% than previous quarter

Overall: decreasing (71.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.99 (%).Trend:Decrease 2.61% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.08 (%).Trend:Decrease 4.44% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.9 (%).Trend:Decrease 19.91% than previous quarter

Overall: decreasing (-23.47%). 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 -82.7 (%).Trend:Increase 16.84% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -92.81 (%).Trend:Increase 12.22% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -116.28 (%).Trend:Increase 25.29% than previous quarter

Overall: decreasing (40.6%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 2: Earning Per Share -1.4 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -2.02 (USD).Trend:Increase 44.29% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.61 (USD).Trend:Decrease 69.8% than previous quarter

Overall: increasing (-56.43%). Fluctuation: **Significant** (high variation).



Significant fluctuations are observed in working capital efficiency metrics.  Liabilities on revenue increased substantially in Q1 2022, then decreased significantly in Q2 and Q3 2022. Current assets on revenue show similar volatility, increasing in Q1 2022, then dropping sharply in subsequent quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits a consistent downward trend but with significant quarter-to-quarter swings.  The SG&A expense ratio is steadily decreasing, indicating better cost control.  Invest efficiency and earnings per share also display high volatility, with decreasing overall trends.  The data warrants further investigation to understand the causes of these fluctuations and to forecast future performance.