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 88.42 (%).Trend:Increase 244.99% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 43.35 (%).Trend:Decrease 50.97% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 27.36 (%).Trend:Decrease 36.89% than previous quarter

Overall: decreasing (-69.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 174.06 (%).Trend:Increase 186.9% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 84.62 (%).Trend:Decrease 51.38% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.41 (%).Trend:Decrease 29.79% than previous quarter

Overall: decreasing (-65.87%). 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 64.77 (%).Trend:Increase 206.39% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 35.15 (%).Trend:Decrease 45.73% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 26.51 (%).Trend:Decrease 24.58% than previous quarter

Overall: decreasing (-59.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.29 (%).Trend:Decrease 4.89% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.38 (%).Trend:Increase 6.47% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.96 (%).Trend:Increase 1.69% than previous quarter

Overall: increasing (8.27%). 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 18.82 (%).Trend:Increase 6.93% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 21.21 (%).Trend:Increase 12.7% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 23.0 (%).Trend:Increase 8.44% than previous quarter

Overall: increasing (22.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.1 (USD).Trend:Decrease 60.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.01 (USD).Trend:Increase 82.73% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.74 (USD).Trend:Increase 36.32% than previous quarter

Overall: increasing (149.09%). Fluctuation: **Significant** (high variation).



The financial statements highlight considerable variability in key performance indicators (KPIs).  Working capital efficiency reveals substantial fluctuations in liabilities and current assets on revenue, shifting dramatically from Q1 to Q3 2022 and then experiencing a substantial change in Q1 2023. The ratio of retained earnings to revenue also exhibits substantial variability, decreasing significantly from Q1 to Q3 2022.  However, the selling, general, and administrative (SG&A) expense ratio shows a small, steady increase over the same time period. Investment efficiency demonstrates a consistent upward trend in retained earnings on assets. Earnings per share displays significant variations, increasing from Q1 to Q3 2022 and then experiencing a decrease in Q1 2023.