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 55.18 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 25.43 (%).Trend:Decrease 53.91% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.95 (%).Trend:Decrease 33.35% than previous quarter

Overall: decreasing (-69.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 186.96 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 86.68 (%).Trend:Decrease 53.64% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 49.92 (%).Trend:Decrease 42.41% than previous quarter

Overall: decreasing (-73.3%). 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 116.53 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 54.37 (%).Trend:Decrease 53.34% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 37.25 (%).Trend:Decrease 31.49% than previous quarter

Overall: decreasing (-68.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.64 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.0 (%).Trend:Decrease 4.69% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.54 (%).Trend:Decrease 3.54% than previous quarter

Overall: decreasing (-8.06%). 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 49.54 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 46.91 (%).Trend:Decrease 5.31% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 53.94 (%).Trend:Increase 14.99% than previous quarter

Overall: increasing (8.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.64 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.47 (USD).Trend:Decrease 173.44% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.32 (USD).Trend:Decrease 168.09% than previous quarter

Overall: decreasing (-50.0%). Fluctuation: **Significant** (high variation).



Financial statements indicate significant fluctuations in several key areas. Working capital efficiency reveals substantial decreases in both liabilities and current assets on revenue, pointing to potential operational issues.  Cost efficiency shows a substantial decline in the retained earnings to revenue ratio. While SG&A expense ratio decreases, this is modest. Investment efficiency shows stable growth in retained earnings on assets.  Earnings per share are significantly negative and highly variable, which may be a concern. These findings warrant further analysis to understand the drivers of this volatility.