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 93.21 (%).Trend:Increase 172.62% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.48 (%).Trend:Decrease 46.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.55 (%).Trend:Decrease 38.26% than previous quarter

Overall: decreasing (-67.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 66.14 (%).Trend:Increase 159.47% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 32.78 (%).Trend:Decrease 50.44% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 23.56 (%).Trend:Decrease 28.13% than previous quarter

Overall: decreasing (-64.38%). 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 954.56 (%).Trend:Increase 163.76% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 469.6 (%).Trend:Decrease 50.8% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 310.49 (%).Trend:Decrease 33.88% than previous quarter

Overall: decreasing (-67.47%). Fluctuation: **Significant** (high variation).

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

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 87.33 (%).Trend:Increase 0.68% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 88.39 (%).Trend:Increase 1.21% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 88.83 (%).Trend:Increase 0.5% than previous quarter

Overall: increasing (1.72%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 64.71% than previous quarter
Year 2022 Quarter 2: Earning Per Share 5.51 (USD).Trend:Increase 113.57% than previous quarter
Year 2022 Quarter 3: Earning Per Share 8.56 (USD).Trend:Increase 55.35% than previous quarter

Overall: increasing (231.78%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 reveals significant declines in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue), with highly variable trends. Conversely, investment efficiency (retained earnings on assets) shows a small increase with stable performance. Earnings per share, however, show a strong positive increase, with significant variation during the period.