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

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 37.12 (%).Trend:Decrease 32.91% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 52.54 (%).Trend:Increase 41.54% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 33.03 (%).Trend:Decrease 37.13% than previous quarter

Overall: decreasing (-11.02%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 88.1 (%).Trend:Decrease 33.47% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 105.76 (%).Trend:Increase 20.05% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 69.57 (%).Trend:Decrease 34.22% than previous quarter

Overall: decreasing (-21.03%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 183.03 (%).Trend:Decrease 33.59% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 229.42 (%).Trend:Increase 25.35% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 124.84 (%).Trend:Decrease 45.58% than previous quarter

Overall: decreasing (-31.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.38 (%).Trend:Decrease 0.74% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.21 (%).Trend:Increase 27.27% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.5 (%).Trend:Decrease 2.61% than previous quarter

Overall: increasing (23.95%). Fluctuation: **Neutral** (moderate variation).


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

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets 85.66 (%).Trend:Increase 1.21% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 53.72 (%).Trend:Decrease 37.29% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 50.12 (%).Trend:Decrease 6.7% than previous quarter

Overall: decreasing (-41.49%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share 2.08 (USD).Trend:Increase 76.27% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.64 (USD).Trend:Decrease 69.23% than previous quarter
Year 2022 Quarter 3: Earning Per Share -5.0 (USD).Trend:Decrease 881.25% than previous quarter

Overall: decreasing (-340.38%). Fluctuation: **Significant** (high variation).



From Q3 2021 to Q3 2022, liabilities on revenue decreased by 11.02%, while current assets on revenue decreased by 21.03%.  The ratio of retained earnings to revenue decreased significantly (-31.79%), showing high variation.  Conversely, the SG&A expense ratio increased by 23.95% with moderate variation. Investment efficiency metrics also showed a significant decrease in retained earnings on assets (-41.49%) and earnings per share (-340.38%), indicating substantial fluctuation.