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 51.29 (%).Trend:Increase 153.16% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 24.11 (%).Trend:Decrease 52.99% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 15.84 (%).Trend:Decrease 34.3% than previous quarter

Overall: decreasing (-69.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 77.23 (%).Trend:Increase 186.46% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 38.13 (%).Trend:Decrease 50.63% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 25.81 (%).Trend:Decrease 32.31% than previous quarter

Overall: decreasing (-66.58%). 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 155.65 (%).Trend:Increase 197.04% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 80.93 (%).Trend:Decrease 48.01% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 57.87 (%).Trend:Decrease 28.49% than previous quarter

Overall: decreasing (-62.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 53.26 (%).Trend:Increase 8.78% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 55.59 (%).Trend:Increase 4.37% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 57.76 (%).Trend:Increase 3.9% than previous quarter

Overall: increasing (8.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 3.01 (USD).Trend:Decrease 55.87% than previous quarter
Year 2022 Quarter 2: Earning Per Share 7.12 (USD).Trend:Increase 136.54% than previous quarter
Year 2022 Quarter 3: Earning Per Share 10.81 (USD).Trend:Increase 51.83% than previous quarter

Overall: increasing (259.14%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2022 shows substantial fluctuations in working capital efficiency. Liabilities on revenue decreased from 51.29% in Q1 to 15.84% in Q3, with significant volatility. Similarly, current assets on revenue decreased from 77.23% to 25.81% in the same period.  Cost efficiency, as measured by the retained earnings ratio to revenue, also shows a significant negative trend with large quarter-to-quarter variations. In contrast, investment efficiency, based on retained earnings on assets, demonstrates a consistent positive trend. Finally, earnings per share display significant volatility, increasing from Q1 to Q3.