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 159.77 (%).Trend:Increase 216.06% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 80.83 (%).Trend:Decrease 49.41% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 56.75 (%).Trend:Decrease 29.79% than previous quarter

Overall: decreasing (-64.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 340.91 (%).Trend:Increase 225.3% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 150.23 (%).Trend:Decrease 55.93% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 100.51 (%).Trend:Decrease 33.1% than previous quarter

Overall: decreasing (-70.52%). 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 408.07 (%).Trend:Increase 275.06% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 216.74 (%).Trend:Decrease 46.89% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 144.91 (%).Trend:Decrease 33.14% than previous quarter

Overall: decreasing (-64.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.55 (%).Trend:Increase 21.35% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Increase 10.47% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.81 (%).Trend:Increase 2.46% than previous quarter

Overall: increasing (13.19%). 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 42.47 (%).Trend:Increase 12.09% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 42.83 (%).Trend:Increase 0.85% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 40.62 (%).Trend:Decrease 5.16% than previous quarter

Overall: decreasing (-4.36%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.99 (USD).Trend:Decrease 47.07% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.87 (USD).Trend:Decrease 6.03% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.11 (USD).Trend:Increase 12.83% than previous quarter

Overall: increasing (6.03%). Fluctuation: **Little** (low variation).



Financial analysis of Q1-Q3 2022 highlights substantial volatility in key financial metrics.  Working capital efficiency, as measured by liabilities and current assets on revenue, showed highly erratic performance, suggesting possible issues in managing short-term assets and liabilities. Cost efficiency, particularly the ratio of retained earnings to revenue, displayed a similarly volatile pattern.  In contrast, the Selling, General, and Administrative (SG&A) expense ratio exhibited relatively stable growth. Investment efficiency (retained earnings on assets) had limited fluctuation, though it slightly decreased. Earnings per share exhibited significant fluctuation but trended upward.