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 116.47 (%).Trend:Increase 198.87% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 57.37 (%).Trend:Decrease 50.74% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 40.86 (%).Trend:Decrease 28.78% than previous quarter

Overall: decreasing (-64.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 112.02 (%).Trend:Increase 259.96% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 53.21 (%).Trend:Decrease 52.5% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 33.79 (%).Trend:Decrease 36.5% than previous quarter

Overall: decreasing (-69.84%). 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 239.26 (%).Trend:Increase 231.98% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 113.32 (%).Trend:Decrease 52.64% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 75.83 (%).Trend:Decrease 33.08% than previous quarter

Overall: decreasing (-68.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.69 (%).Trend:Increase 2.01% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.48 (%).Trend:Decrease 1.8% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.52 (%).Trend:Increase 0.35% than previous quarter

Overall: decreasing (-1.45%). 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 28.16 (%).Trend:Increase 2.25% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 28.65 (%).Trend:Increase 1.74% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 29.07 (%).Trend:Increase 1.47% than previous quarter

Overall: increasing (3.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 75.86% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.06 (USD).Trend:Increase 116.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.52 (USD).Trend:Increase 43.4% than previous quarter

Overall: increasing (210.2%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue and current assets on revenue show a dramatic decrease initially, followed by a notable increase in Q3, implying inconsistent management of assets and liabilities. Cost efficiency metrics, notably the ratio of retained earnings to revenue, fluctuate significantly, potentially indicating instability in profitability. Conversely, the Selling, General, and Administrative (SG&A) expense ratio exhibits little fluctuation, suggesting a more stable cost structure. Investment efficiency, measured by retained earnings on assets, demonstrates stable and slight increases quarter over quarter, signifying a consistent asset management approach. Earnings per share exhibits significant fluctuation, with a notable overall increase.