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 49.07 (%).Trend:Increase 112.79% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 28.79 (%).Trend:Decrease 41.33% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.36 (%).Trend:Decrease 29.28% than previous quarter

Overall: decreasing (-58.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 427.0 (%).Trend:Increase 104.55% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 244.29 (%).Trend:Decrease 42.79% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 167.13 (%).Trend:Decrease 31.59% than previous quarter

Overall: decreasing (-60.86%). 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 138.26 (%).Trend:Increase 205.41% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 80.7 (%).Trend:Decrease 41.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 56.94 (%).Trend:Decrease 29.44% than previous quarter

Overall: decreasing (-58.82%). 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 21.25 (%).Trend:Increase 39.34% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 22.27 (%).Trend:Increase 4.8% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 23.7 (%).Trend:Increase 6.42% than previous quarter

Overall: increasing (11.53%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.14 (USD).Trend:Decrease 12.5% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.1 (USD).Trend:Decrease 28.57% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.18 (USD).Trend:Increase 80.0% than previous quarter

Overall: increasing (28.57%). Fluctuation: **Significant** (high variation).



The financial review from Q1 2022 to Q3 2022 indicates a negative trend in working capital efficiency with both liabilities and current assets on revenue declining. Cost efficiency, measured by the ratio of retained earnings to revenue, also fell significantly. However, investment efficiency increased steadily. Conversely, earnings per share show a positive increase, but with notable volatility.