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 92.28 (%).Trend:Increase 213.24% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.29 (%).Trend:Decrease 50.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.63 (%).Trend:Decrease 32.37% than previous quarter

Overall: decreasing (-66.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 140.87 (%).Trend:Increase 235.09% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 67.75 (%).Trend:Decrease 51.91% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 46.36 (%).Trend:Decrease 31.57% than previous quarter

Overall: decreasing (-67.09%). 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 95.64 (%).Trend:Increase 181.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 48.34 (%).Trend:Decrease 49.46% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 32.7 (%).Trend:Decrease 32.35% than previous quarter

Overall: decreasing (-65.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.14 (%).Trend:Increase 3.72% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.57 (%).Trend:Increase 2.37% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.95 (%).Trend:Increase 2.05% than previous quarter

Overall: increasing (4.47%). 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 44.51 (%).Trend:Increase 0.2% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 45.31 (%).Trend:Increase 1.8% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 45.49 (%).Trend:Increase 0.4% than previous quarter

Overall: increasing (2.2%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -1.23 (USD).Trend:Decrease 158.02% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.19 (USD).Trend:Decrease 3.25% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.62 (USD).Trend:Increase 36.13% than previous quarter

Overall: decreasing (31.71%). Fluctuation: **Significant** (high variation).



Financial performance in 2022 shows significant volatility across key metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates significant and unfavorable trends, decreasing substantially in Q2 and Q3 2022 before improving, then worsening again in the second half of the year.  Cost efficiency, indicated by the ratio of retained earnings to revenue, also displays substantial fluctuations, decreasing in 2022 before potentially increasing. SG&A expense ratios are trending upward in a controlled manner throughout 2022.  Invest efficiency, measured by retained earnings on assets, is relatively stable.  Earnings per share declined significantly in 2022, before showing slight improvement in 2023. Overall, the data highlight a need for further analysis to understand the underlying reasons for these marked fluctuations.