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 77.02 (%).Trend:Increase 184.52% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 40.4 (%).Trend:Decrease 47.55% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.41 (%).Trend:Decrease 12.35% than previous quarter

Overall: decreasing (-54.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 226.6 (%).Trend:Increase 222.61% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 108.87 (%).Trend:Decrease 51.95% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 71.85 (%).Trend:Decrease 34.0% than previous quarter

Overall: decreasing (-68.29%). 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 152.15 (%).Trend:Increase 201.71% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 78.71 (%).Trend:Decrease 48.27% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 54.39 (%).Trend:Decrease 30.9% than previous quarter

Overall: decreasing (-64.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.7 (%).Trend:Decrease 1.37% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.61 (%).Trend:Decrease 0.66% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.76 (%).Trend:Increase 1.1% than previous quarter

Overall: increasing (0.44%). 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 31.35 (%).Trend:Increase 2.35% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 32.95 (%).Trend:Increase 5.1% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 35.17 (%).Trend:Increase 6.74% than previous quarter

Overall: increasing (12.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.58 (USD).Trend:Decrease 60.79% than previous quarter
Year 2022 Quarter 2: Earning Per Share 3.01 (USD).Trend:Increase 90.51% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.2 (USD).Trend:Increase 39.53% than previous quarter

Overall: increasing (165.82%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 reveals a volatile picture. Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show significant decreasing trends.  However, SG&A expense ratio exhibited a negligible increase, and retained earnings on assets showed a consistent upward trend. Earnings per share had significant fluctuation.