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 25.83 (%).Trend:Increase 224.09% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 12.04 (%).Trend:Decrease 53.39% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 7.58 (%).Trend:Decrease 37.04% than previous quarter

Overall: decreasing (-70.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 89.57 (%).Trend:Increase 260.73% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 44.87 (%).Trend:Decrease 49.91% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 32.15 (%).Trend:Decrease 28.35% than previous quarter

Overall: decreasing (-64.11%). 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 19.8 (%).Trend:Increase 1185.71% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 12.95 (%).Trend:Decrease 34.6% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 10.79 (%).Trend:Decrease 16.68% than previous quarter

Overall: decreasing (-45.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.01 (%).Trend:Decrease 3.04% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.19 (%).Trend:Increase 2.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.61 (%).Trend:Increase 5.84% than previous quarter

Overall: increasing (8.56%). 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 16.81 (%).Trend:Increase 297.4% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 21.8 (%).Trend:Increase 29.68% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.34 (%).Trend:Increase 16.24% than previous quarter

Overall: increasing (50.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 13.72 (USD).Trend:Decrease 40.94% than previous quarter
Year 2022 Quarter 2: Earning Per Share 21.49 (USD).Trend:Increase 56.63% than previous quarter
Year 2022 Quarter 3: Earning Per Share 28.03 (USD).Trend:Increase 30.43% than previous quarter

Overall: increasing (104.3%). Fluctuation: **Significant** (high variation).



The analysis of Q1-Q3 2022 reveals a complex financial performance. Both liabilities and current assets on revenue decreased significantly (-70.65% and -64.11% respectively) with substantial fluctuation. The ratio of retained earnings to revenue also decreased (-45.51%) with significant fluctuation. However, SG&A expenses showed a modest increase (8.56%) with minimal variation. Investment efficiency improved, with retained earnings on assets increasing (50.74%) with moderate fluctuation. Finally, Earnings Per Share experienced a substantial increase (104.3%) with significant fluctuation. This suggests a restructuring of the balance sheet alongside improving profitability, but with considerable volatility.