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 99.83 (%).Trend:Increase 79.94% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 56.33 (%).Trend:Decrease 43.57% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 37.32 (%).Trend:Decrease 33.75% than previous quarter

Overall: decreasing (-62.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 143.32 (%).Trend:Increase 152.72% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 70.96 (%).Trend:Decrease 50.49% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 46.01 (%).Trend:Decrease 35.16% than previous quarter

Overall: decreasing (-67.9%). 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 828.3 (%).Trend:Increase 225.42% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 408.28 (%).Trend:Decrease 50.71% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 278.85 (%).Trend:Decrease 31.7% than previous quarter

Overall: decreasing (-66.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.42 (%).Trend:Decrease 0.07% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.62 (%).Trend:Decrease 5.92% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.97 (%).Trend:Decrease 2.27% than previous quarter

Overall: decreasing (-8.05%). 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 182.47 (%).Trend:Increase 16.02% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 186.65 (%).Trend:Increase 2.29% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 196.86 (%).Trend:Increase 5.47% than previous quarter

Overall: increasing (7.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 3.13 (USD).Trend:Decrease 70.42% than previous quarter
Year 2022 Quarter 2: Earning Per Share 7.1 (USD).Trend:Increase 126.84% than previous quarter
Year 2022 Quarter 3: Earning Per Share 10.75 (USD).Trend:Increase 51.41% than previous quarter

Overall: increasing (243.45%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased substantially in Q2 and Q3 2022 before increasing dramatically in Q1 2023. Current assets on revenue also displayed significant volatility, declining in Q2 and Q3 2022 and rising sharply in Q1 2023. Cost efficiency is indicated by a substantial decrease in the ratio of retained earnings to revenue over the period, though SG&A expense ratio decreased steadily. Investment efficiency showed a modest increase in retained earnings on assets, showing consistent growth over the period, while earning per share experienced substantial fluctuations, increasing and decreasing throughout the three quarters.