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 310.07 (%).Trend:Increase 275.61% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 138.82 (%).Trend:Decrease 55.23% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.35 (%).Trend:Decrease 37.08% than previous quarter

Overall: decreasing (-71.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 144.35 (%).Trend:Increase 245.0% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 77.97 (%).Trend:Decrease 45.99% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 40.51 (%).Trend:Decrease 48.04% than previous quarter

Overall: decreasing (-71.94%). 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 734.61 (%).Trend:Increase 218.73% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 384.12 (%).Trend:Decrease 47.71% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 264.04 (%).Trend:Decrease 31.26% than previous quarter

Overall: decreasing (-64.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.45 (%).Trend:Increase 12.51% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.16 (%).Trend:Decrease 1.66% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.07 (%).Trend:Decrease 0.52% than previous quarter

Overall: decreasing (-2.18%). 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 69.82 (%).Trend:Increase 3.98% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 77.85 (%).Trend:Increase 11.5% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 85.83 (%).Trend:Increase 10.25% than previous quarter

Overall: increasing (22.93%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 3.15 (USD).Trend:Decrease 2.78% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.41 (USD).Trend:Increase 40.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 13.38% than previous quarter

Overall: increasing (58.73%). Fluctuation: **Neutral** (moderate variation).



Financial analysis for Q1-Q3 2022 reveals significant fluctuations across key metrics, with working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue) both decreasing overall.  Conversely, selling, general, and administrative (SG&A) expenses show a minor decrease. Investment efficiency and earnings per share show positive trends with moderate variation.