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 68.16 (%).Trend:Increase 213.38% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 36.37 (%).Trend:Decrease 46.64% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.54 (%).Trend:Decrease 40.78% than previous quarter

Overall: decreasing (-68.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 127.28 (%).Trend:Increase 189.47% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 59.47 (%).Trend:Decrease 53.28% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 36.57 (%).Trend:Decrease 38.51% than previous quarter

Overall: decreasing (-71.27%). 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 18.31 (%).Trend:Increase 99.46% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 9.98 (%).Trend:Decrease 45.49% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 8.18 (%).Trend:Decrease 18.04% than previous quarter

Overall: decreasing (-55.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 7.9 (%).Trend:Decrease 23.82% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 9.2 (%).Trend:Increase 16.46% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 11.89 (%).Trend:Increase 29.24% than previous quarter

Overall: increasing (50.51%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 51.92% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.71 (USD).Trend:Increase 184.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.45 (USD).Trend:Increase 104.23% than previous quarter

Overall: increasing (480.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2022 reveals substantial volatility across financial indicators. Working capital management metrics (liabilities and current assets on revenue) show significant declines, potentially signaling operational challenges. Cost efficiency (ratio of retained earnings to revenue) also decreased. However, there's a moderate increase in retained earnings on assets. Earnings per share demonstrate a notable upward trend, indicating potential improvement in profitability.