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 47.23 (%).Trend:Increase 254.58% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 20.06 (%).Trend:Decrease 57.53% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.49 (%).Trend:Decrease 37.74% than previous quarter

Overall: decreasing (-73.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 94.7 (%).Trend:Increase 241.51% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 41.86 (%).Trend:Decrease 55.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 24.06 (%).Trend:Decrease 42.52% than previous quarter

Overall: decreasing (-74.59%). 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 15.73 (%).Trend:Increase 89.52% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 7.06 (%).Trend:Decrease 55.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.28 (%).Trend:Decrease 25.21% than previous quarter

Overall: decreasing (-66.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.05 (%).Trend:Increase 0.06% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.98 (%).Trend:Decrease 6.28% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.41 (%).Trend:Increase 2.69% than previous quarter

Overall: decreasing (-3.75%). 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 7.42 (%).Trend:Decrease 36.69% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 7.37 (%).Trend:Decrease 0.67% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.41 (%).Trend:Increase 14.11% than previous quarter

Overall: increasing (13.34%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 3.61 (USD).Trend:Decrease 42.05% than previous quarter
Year 2022 Quarter 2: Earning Per Share 9.36 (USD).Trend:Increase 159.28% than previous quarter
Year 2022 Quarter 3: Earning Per Share 14.12 (USD).Trend:Increase 50.85% than previous quarter

Overall: increasing (291.14%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant volatility in key performance indicators (KPIs) across various categories. Working capital efficiency metrics (liabilities and current assets on revenue) indicate large fluctuations, declining substantially in the first half of 2022 before experiencing large increases in Q1 2023. Cost efficiency, specifically the ratio of retained earnings to revenue, shows substantial volatility and a clear downward trend. Selling, General, and Administrative (SG&A) expense ratios display minimal fluctuation and an overall decrease. Investment efficiency, measured by retained earnings on assets, demonstrates slight fluctuation and a slight overall increase.  Earnings per share demonstrate significant volatility, with substantial increases overall from Q1 to Q3 2022 before decreasing in Q1 2023.