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 65.27 (%).Trend:Increase 211.55% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 31.53 (%).Trend:Decrease 51.69% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.61 (%).Trend:Decrease 37.81% than previous quarter

Overall: decreasing (-69.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 148.97 (%).Trend:Increase 208.81% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 66.69 (%).Trend:Decrease 55.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 40.64 (%).Trend:Decrease 39.06% than previous quarter

Overall: decreasing (-72.72%). 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 69.39 (%).Trend:Increase 216.85% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 34.24 (%).Trend:Decrease 50.66% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 23.19 (%).Trend:Decrease 32.27% than previous quarter

Overall: decreasing (-66.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.51 (%).Trend:Decrease 2.07% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.29 (%).Trend:Decrease 2.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.77 (%).Trend:Decrease 6.27% than previous quarter

Overall: decreasing (-8.7%). 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 18.4 (%).Trend:Increase 9.07% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 19.52 (%).Trend:Increase 6.09% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 21.02 (%).Trend:Increase 7.68% than previous quarter

Overall: increasing (14.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.89 (USD).Trend:Decrease 70.03% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.45 (USD).Trend:Increase 62.92% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 37.93% than previous quarter

Overall: increasing (124.72%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 indicates substantial fluctuations in key performance indicators.  Liabilities and current assets on revenue exhibited significant decreases throughout the period. The retained earnings to revenue ratio also showed a notable decrease.  The SG&A expense ratio experienced a consistent decline, while retained earnings on assets showed a steady increase. Earnings per share, however, displayed substantial variation.  This data underscores significant instability in working capital, cost efficiency, and profitability that merits in-depth analysis to determine corrective actions.