Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 65.45 (%).Trend:Increase 200.51% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 34.11 (%).Trend:Decrease 47.88% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.91 (%).Trend:Decrease 35.77% than previous quarter

Overall: decreasing (-66.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 100.93 (%).Trend:Increase 150.07% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.32 (%).Trend:Decrease 54.11% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 31.05 (%).Trend:Decrease 32.97% than previous quarter

Overall: decreasing (-69.24%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 58.47 (%).Trend:Increase 244.14% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 30.68 (%).Trend:Decrease 47.53% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 21.46 (%).Trend:Decrease 30.05% than previous quarter

Overall: decreasing (-63.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 43.31 (%).Trend:Increase 2.61% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.0 (%).Trend:Increase 1.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.35 (%).Trend:Increase 0.8% than previous quarter

Overall: increasing (2.4%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 13.27 (%).Trend:Increase 17.33% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 13.97 (%).Trend:Increase 5.28% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 14.39 (%).Trend:Increase 3.01% than previous quarter

Overall: increasing (8.44%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 75.17% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 32.43% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.64 (USD).Trend:Increase 30.61% than previous quarter

Overall: increasing (72.97%). Fluctuation: **Significant** (high variation).



Financial performance analysis of the three quarters of 2022 reveals fluctuating trends. Liabilities and current assets on revenue decreased substantially, indicating potential working capital issues.  The ratio of retained earnings to revenue also decreased significantly.  Selling, general, and administrative (SG&A) expenses, however, trended upward consistently. Investment efficiency, as measured by retained earnings on assets, showed little fluctuation, whereas earnings per share demonstrated marked volatility.