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 49.29 (%).Trend:Increase 170.23% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 24.85 (%).Trend:Decrease 49.58% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 17.37 (%).Trend:Decrease 30.1% than previous quarter

Overall: decreasing (-64.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 97.39 (%).Trend:Increase 210.75% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 50.67 (%).Trend:Decrease 47.97% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 33.52 (%).Trend:Decrease 33.85% than previous quarter

Overall: decreasing (-65.58%). 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 100.5 (%).Trend:Increase 224.61% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 49.53 (%).Trend:Decrease 50.72% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.52 (%).Trend:Decrease 30.3% than previous quarter

Overall: decreasing (-65.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.54 (%).Trend:Increase 2.03% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.99 (%).Trend:Decrease 13.43% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.6 (%).Trend:Decrease 3.9% than previous quarter

Overall: decreasing (-16.81%). 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 37.36 (%).Trend:Increase 11.22% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 39.46 (%).Trend:Increase 5.62% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 42.42 (%).Trend:Increase 7.5% than previous quarter

Overall: increasing (13.54%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 68.81% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.14 (USD).Trend:Increase 235.29% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.92 (USD).Trend:Increase 68.42% than previous quarter

Overall: increasing (464.71%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2022 financial statements show a period of significant fluctuations.  Working capital efficiency, characterized by substantial decreases in liabilities and current assets on revenue, suggests potential liquidity problems. Cost efficiency, represented by the ratio of retained earnings to revenue, decreased sharply. The SG&A expense ratio decreased steadily, though at a slower rate. Investment efficiency showed a consistent increase in retained earnings on assets, while earnings per share exhibited substantial fluctuations.  The mixed trends highlight a period of financial volatility, demanding further analysis.