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 79281800000.0 (%).Trend:Decrease 6.61% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 75218200000.0 (%).Trend:Decrease 5.13% than previous quarter

Overall: decreasing (-11.4%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 99683900000.0 (%).Trend:Decrease 2.98% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 95385700000.0 (%).Trend:Decrease 4.31% than previous quarter

Overall: decreasing (-7.17%). Fluctuation: **Little** (low 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 101530100000.0 (%).Trend:Increase 2.56% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 102809600000.0 (%).Trend:Increase 1.26% than previous quarter

Overall: increasing (3.86%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27088300000.0 (%).Trend:Increase 113.96% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 40407700000.0 (%).Trend:Increase 49.17% than previous quarter

Overall: increasing (219.16%). Fluctuation: **Significant** (high 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 35.08 (%).Trend:Increase 37.03% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 36.42 (%).Trend:Increase 3.82% than previous quarter

Overall: increasing (42.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.09 (USD).Trend:Increase 29.81% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.48 (USD).Trend:Increase 18.66% than previous quarter

Overall: increasing (54.04%). Fluctuation: **Neutral** (moderate variation).



The Q1-Q3 2022 data reveals a mixed financial performance. Working capital decreased, with liabilities on revenue down 11.4% and current assets on revenue down 7.17%, both with low variation. Profitability improved, as evidenced by a 3.86% increase in the retained earnings to revenue ratio (low fluctuation). However, SG&A expenses increased dramatically (219.16%) with significant fluctuation. Investment efficiency also improved, with retained earnings on assets up 42.27% and earnings per share up 54.04%, both with moderate fluctuation. The key takeaway is improving profitability and asset utilization, but the volatile SG&A expenses require close monitoring.