Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 50.55 (%).Trend:Increase 219.73% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 20.54 (%).Trend:Decrease 59.37% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 13.63 (%).Trend:Decrease 33.64% than previous quarter

Overall: decreasing (-73.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 115.89 (%).Trend:Increase 281.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 66.11 (%).Trend:Decrease 42.95% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.03 (%).Trend:Decrease 33.4% than previous quarter

Overall: decreasing (-62.01%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 145.01 (%).Trend:Increase 347.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 88.16 (%).Trend:Decrease 39.2% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 69.15 (%).Trend:Decrease 21.56% than previous quarter

Overall: decreasing (-52.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 80.83 (%).Trend:Increase 37.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 88.15 (%).Trend:Increase 9.06% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 100.61 (%).Trend:Increase 14.13% than previous quarter

Overall: increasing (24.47%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.59 (USD).Trend:Decrease 45.92% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.65 (USD).Trend:Increase 66.67% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.32 (USD).Trend:Increase 25.28% than previous quarter

Overall: increasing (108.81%). Fluctuation: **Significant** (high variation).



Financial performance, from Q1 2021 to Q3 2022, shows mixed results.  Working capital efficiency has declined significantly for both liabilities on revenue (-73.04%) and current assets on revenue (-62.01%), with substantial quarter-to-quarter swings.  Cost efficiency, measured by the ratio of retained earnings to revenue, also decreased (-52.31%), while demonstrating significant volatility.  Investment efficiency, however, experienced a stable increase (24.47%), with more moderate variation.  Earnings per share (EPS) increased (108.81%), but with significant fluctuations throughout the period.