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 77.62 (%).Trend:Increase 289.46% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 35.32 (%).Trend:Decrease 54.5% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.62 (%).Trend:Decrease 44.45% than previous quarter

Overall: decreasing (-74.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 231.59 (%).Trend:Increase 252.98% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 100.5 (%).Trend:Decrease 56.6% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 62.07 (%).Trend:Decrease 38.24% than previous quarter

Overall: decreasing (-73.2%). 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 98.28 (%).Trend:Increase 278.73% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 44.11 (%).Trend:Decrease 55.12% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 29.32 (%).Trend:Decrease 33.53% than previous quarter

Overall: decreasing (-70.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.0 (%).Trend:Increase 29.94% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.78 (%).Trend:Decrease 16.23% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.73 (%).Trend:Decrease 4.82% than previous quarter

Overall: decreasing (-20.27%). Fluctuation: **Neutral** (moderate 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 20.85 (%).Trend:Decrease 2.16% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 21.28 (%).Trend:Increase 2.06% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 23.05 (%).Trend:Increase 8.32% than previous quarter

Overall: increasing (10.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.17 (USD).Trend:Decrease 94.08% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.47 (USD).Trend:Increase 764.71% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.89 (USD).Trend:Increase 96.6% than previous quarter

Overall: increasing (1600.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 reveals significant volatility in working capital efficiency. Liabilities and current assets on revenue decreased overall but with substantial quarter-to-quarter variation. Cost efficiency, particularly the ratio of retained earnings to revenue, also showed a large overall decline, fluctuating significantly.  SG&A expense ratio trended slightly downward, with moderate fluctuation. Investment efficiency, reflected in retained earnings on assets, demonstrated a slight increase. Earnings per share, although increasing overall, exhibited large quarter-over-quarter fluctuations.