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 67.93 (%).Trend:Increase 204.48% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 29.29 (%).Trend:Decrease 56.88% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.62 (%).Trend:Decrease 33.01% than previous quarter

Overall: decreasing (-71.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 91.2 (%).Trend:Increase 195.53% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 45.92 (%).Trend:Decrease 49.65% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 29.5 (%).Trend:Decrease 35.76% than previous quarter

Overall: decreasing (-67.65%). 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 75.45 (%).Trend:Increase 182.58% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 41.6 (%).Trend:Decrease 44.86% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 31.02 (%).Trend:Decrease 25.43% than previous quarter

Overall: decreasing (-58.89%). 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 33.24 (%).Trend:Increase 8.73% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 36.69 (%).Trend:Increase 10.38% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 40.27 (%).Trend:Increase 9.76% than previous quarter

Overall: increasing (21.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.56 (USD).Trend:Decrease 27.1% than previous quarter
Year 2022 Quarter 2: Earning Per Share 3.25 (USD).Trend:Increase 108.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 53.85% than previous quarter

Overall: increasing (220.51%). Fluctuation: **Significant** (high variation).



Financial review of Q1 2022 to Q3 2022 financial statements indicates significant volatility across key metrics.  Working capital efficiency is declining, with both liabilities on revenue and current assets on revenue showing substantial decreases and increases, creating significant variation. Cost efficiency, measured by the retained earnings-to-revenue ratio, also shows a substantial downward trend throughout the period. In contrast, investment efficiency exhibits a steady uptrend.  Earning per share demonstrates high variability, though the overall trend suggests growth.