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 68.73 (%).Trend:Increase 253.0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 31.98 (%).Trend:Decrease 53.47% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.64 (%).Trend:Decrease 32.33% than previous quarter

Overall: decreasing (-68.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 106.08 (%).Trend:Increase 223.71% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 49.61 (%).Trend:Decrease 53.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 32.98 (%).Trend:Decrease 33.52% than previous quarter

Overall: decreasing (-68.91%). 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 17.74 (%).Trend:Increase 275.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 9.28 (%).Trend:Decrease 47.69% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 6.32 (%).Trend:Decrease 31.9% than previous quarter

Overall: decreasing (-64.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.62 (%).Trend:Increase 0.17% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.93 (%).Trend:Increase 28.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.91 (%).Trend:Increase 6.56% than previous quarter

Overall: increasing (36.92%). Fluctuation: **Neutral** (moderate 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 7.48 (%).Trend:Decrease 22.49% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 8.2 (%).Trend:Increase 9.63% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.45 (%).Trend:Increase 3.05% than previous quarter

Overall: increasing (12.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.53 (USD).Trend:Decrease 78.54% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.92 (USD).Trend:Increase 73.58% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.08 (USD).Trend:Increase 17.39% than previous quarter

Overall: increasing (103.77%). Fluctuation: **Significant** (high variation).



Data from Q1 2022 to Q3 2022 indicates significant decreases in key working capital efficiency ratios (liabilities and current assets on revenue) and the ratio of retained earnings to revenue.  However, SG&A expenses rose moderately, and both retained earnings on assets and earnings per share increased overall, despite exhibiting substantial fluctuations. This highlights the need for a deeper analysis of the underlying causes.