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 94.62 (%).Trend:Increase 190.69% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 46.64 (%).Trend:Decrease 50.71% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.42 (%).Trend:Decrease 36.92% than previous quarter

Overall: decreasing (-68.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 139.71 (%).Trend:Increase 187.11% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 71.57 (%).Trend:Decrease 48.77% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.54 (%).Trend:Decrease 33.58% than previous quarter

Overall: decreasing (-65.97%). 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 52.87 (%).Trend:Increase 149.39% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 26.9 (%).Trend:Decrease 49.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 22.77 (%).Trend:Decrease 15.35% than previous quarter

Overall: decreasing (-56.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.01 (%).Trend:Increase 2.47% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.43 (%).Trend:Decrease 4.83% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.95 (%).Trend:Decrease 4.2% than previous quarter

Overall: decreasing (-8.83%). 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 19.71 (%).Trend:Decrease 6.05% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 19.81 (%).Trend:Increase 0.51% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 24.32 (%).Trend:Increase 22.77% than previous quarter

Overall: increasing (23.39%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.04 (USD).Trend:Decrease 101.05% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.05 (USD).Trend:Increase 25.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.48 (USD).Trend:Increase 2860.0% than previous quarter

Overall: increasing (3600.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2022 reveals significant volatility in working capital efficiency. Liabilities and current assets on revenue fluctuate substantially, showcasing large increases and decreases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows considerable variability.  The SG&A expense ratio, however, demonstrates a more stable decrease.  Investment efficiency shows an increase in retained earnings on assets with moderate variation.  Earnings per share show a huge increase in Q3 2022 and then a decrease in Q1 2023.