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 82.13 (%).Trend:Increase 159.41% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 40.26 (%).Trend:Decrease 50.98% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.24 (%).Trend:Decrease 39.79% than previous quarter

Overall: decreasing (-70.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 88.06 (%).Trend:Increase 209.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.82 (%).Trend:Decrease 46.83% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 32.5 (%).Trend:Decrease 30.59% than previous quarter

Overall: decreasing (-63.09%). 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 448.83 (%).Trend:Increase 126.64% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 204.98 (%).Trend:Decrease 54.33% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 138.74 (%).Trend:Decrease 32.32% than previous quarter

Overall: decreasing (-69.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.75 (%).Trend:Decrease 23.82% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.48 (%).Trend:Decrease 9.82% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.38 (%).Trend:Decrease 4.03% than previous quarter

Overall: decreasing (-13.45%). 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 111.0 (%).Trend:Decrease 3.42% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 110.91 (%).Trend:Decrease 0.08% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 114.51 (%).Trend:Increase 3.25% than previous quarter

Overall: increasing (3.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.28 (USD).Trend:Decrease 61.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share 5.49 (USD).Trend:Increase 328.91% than previous quarter
Year 2022 Quarter 3: Earning Per Share 10.17 (USD).Trend:Increase 85.25% than previous quarter

Overall: increasing (694.53%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2022 shows a mixed performance. Liabilities and current assets on revenue demonstrate substantial decreases, indicating potential challenges with working capital management.  Cost efficiency, as gauged by the ratio of retained earnings to revenue, reveals a substantial decline, suggesting potential issues in managing operational expenses. The selling, general and administrative (SG&A) expense ratio shows a modest decrease, potentially reflecting cost-cutting efforts.  Conversely, investment efficiency displays a modest upward trend and earnings per share show a significant overall increase, with strong fluctuations during the period.