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 64.17 (%).Trend:Increase 169.4% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 34.26 (%).Trend:Decrease 46.61% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.69 (%).Trend:Decrease 10.42% than previous quarter

Overall: decreasing (-52.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 223.34 (%).Trend:Increase 186.33% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 127.44 (%).Trend:Decrease 42.94% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 64.96 (%).Trend:Decrease 49.03% than previous quarter

Overall: decreasing (-70.91%). 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 232.9 (%).Trend:Increase 226.14% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 124.8 (%).Trend:Decrease 46.41% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 82.49 (%).Trend:Decrease 33.9% than previous quarter

Overall: decreasing (-64.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.35 (%).Trend:Increase 11.81% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.75 (%).Trend:Increase 6.26% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.99 (%).Trend:Decrease 3.2% than previous quarter

Overall: increasing (2.86%). 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 43.88 (%).Trend:Increase 15.56% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 44.99 (%).Trend:Increase 2.53% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 27.26 (%).Trend:Decrease 39.41% than previous quarter

Overall: decreasing (-37.88%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.86 (USD).Trend:Decrease 63.66% than previous quarter
Year 2022 Quarter 2: Earning Per Share 5.77 (USD).Trend:Increase 101.75% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.76 (USD).Trend:Increase 34.49% than previous quarter

Overall: increasing (171.33%). Fluctuation: **Significant** (high variation).



Financial statements show significant quarter-to-quarter fluctuations across multiple metrics.  Liabilities on revenue decreased substantially from Q1 to Q3 2022, then increased sharply in Q1 2023 before decreasing again in Q2 2023. Current assets on revenue also displayed significant variation, decreasing substantially before rising in Q1 2023. The retained earnings-to-revenue ratio fell substantially throughout the period, but rose sharply in Q1 2023 before decreasing again. SG&A expense ratios displayed relatively stable growth. Investment efficiency (retained earnings on assets) decreased from Q1 to Q3 2022. Earning per share rose sharply in the first half of 2022, but dipped sharply in Q1 2023 before recovering in Q2.