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 70.99 (%).Trend:Increase 151.11% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 35.48 (%).Trend:Decrease 50.02% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.89 (%).Trend:Decrease 29.85% than previous quarter

Overall: decreasing (-64.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 163.11 (%).Trend:Increase 142.15% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 81.69 (%).Trend:Decrease 49.92% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 54.83 (%).Trend:Decrease 32.88% than previous quarter

Overall: decreasing (-66.38%). 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 102.75 (%).Trend:Increase 168.91% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 53.83 (%).Trend:Decrease 47.61% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.95 (%).Trend:Decrease 35.07% than previous quarter

Overall: decreasing (-65.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.06 (%).Trend:Decrease 11.59% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.59 (%).Trend:Increase 4.79% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.04 (%).Trend:Decrease 4.75% than previous quarter

Overall: decreasing (-0.18%). 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 40.2 (%).Trend:Increase 1.08% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 40.53 (%).Trend:Increase 0.82% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 39.3 (%).Trend:Decrease 3.03% than previous quarter

Overall: decreasing (-2.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.18 (USD).Trend:Increase 28.57% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.25 (USD).Trend:Increase 38.89% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.23 (USD).Trend:Decrease 8.0% than previous quarter

Overall: increasing (27.78%). Fluctuation: **Neutral** (moderate variation).



Analyzing Q1 2022 to Q3 2022 financial statements reveals a concerning trend of declining working capital and cost efficiency. Liabilities and current assets on revenue saw substantial drops, indicating possible issues with cash flow.  The retained earnings-to-revenue ratio also decreased considerably, hinting at lower profitability. In contrast, selling, general, and administrative (SG&A) expenses displayed little fluctuation.  Investment efficiency decreased minimally, while earnings per share showed moderate growth with neutral fluctuations. These combined trends indicate a need for immediate review of operational strategies.