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 91.72 (%).Trend:Increase 182.74% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.92 (%).Trend:Decrease 49.93% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.77 (%).Trend:Decrease 35.17% than previous quarter

Overall: decreasing (-67.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 183.05 (%).Trend:Increase 164.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 91.81 (%).Trend:Decrease 49.84% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 58.34 (%).Trend:Decrease 36.46% than previous quarter

Overall: decreasing (-68.13%). 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 97.71 (%).Trend:Increase 219.21% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 50.23 (%).Trend:Decrease 48.59% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.92 (%).Trend:Decrease 30.48% than previous quarter

Overall: decreasing (-64.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.1 (%).Trend:Decrease 1.77% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.59 (%).Trend:Decrease 4.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.52 (%).Trend:Decrease 0.66% than previous quarter

Overall: decreasing (-5.23%). 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 33.32 (%).Trend:Increase 15.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 34.89 (%).Trend:Increase 4.71% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 37.54 (%).Trend:Increase 7.6% than previous quarter

Overall: increasing (12.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 68.24% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.82 (USD).Trend:Increase 145.95% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.02 (USD).Trend:Increase 65.93% than previous quarter

Overall: increasing (308.11%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 highlights significant fluctuations in several key financial metrics.  Liabilities and current assets on revenue experienced substantial decreases across the period.  The retained earnings to revenue ratio also displayed substantial drops, signifying a need for closer examination.  SG&A expenses trended consistently downwards, showing some cost-cutting efforts. Investment efficiency (retained earnings on assets) showed a steady upward trend with minimal fluctuation. Earnings per share demonstrated a substantial increase, but high volatility needs further investigation.