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 157.35 (%).Trend:Increase 228.57% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 82.41 (%).Trend:Decrease 47.63% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 65.91 (%).Trend:Decrease 20.02% than previous quarter

Overall: decreasing (-58.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 175.33 (%).Trend:Increase 211.14% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 97.36 (%).Trend:Decrease 44.47% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 76.83 (%).Trend:Decrease 21.09% than previous quarter

Overall: decreasing (-56.18%). 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 183.73 (%).Trend:Increase 183.97% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 93.8 (%).Trend:Decrease 48.95% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 63.23 (%).Trend:Decrease 32.59% than previous quarter

Overall: decreasing (-65.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.37 (%).Trend:Increase 3.43% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.16 (%).Trend:Decrease 3.52% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.54 (%).Trend:Decrease 1.87% than previous quarter

Overall: decreasing (-5.32%). 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 41.14 (%).Trend:Decrease 4.17% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 42.26 (%).Trend:Increase 2.72% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 40.28 (%).Trend:Decrease 4.69% than previous quarter

Overall: decreasing (-2.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 87.88% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.63 (USD).Trend:Increase 1258.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.12 (USD).Trend:Increase 30.06% than previous quarter

Overall: increasing (1666.67%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q3 2022 shows significant volatility in several key metrics. Liabilities and current assets on revenue both decreased overall but with substantial quarter-to-quarter variation.  Cost efficiency metrics, particularly the retained earnings to revenue ratio, experienced a considerable overall decrease with significant fluctuation.  SG&A expense ratios trended downward with minor variations.  Investment efficiency in retained earnings on assets showed a small overall decrease with minor fluctuation. Earnings per share increased substantially overall but with significant volatility between quarters.