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 229.39 (%).Trend:Increase 241.96% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 122.21 (%).Trend:Decrease 46.72% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 72.07 (%).Trend:Decrease 41.03% than previous quarter

Overall: decreasing (-68.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 293.83 (%).Trend:Increase 427.71% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 192.7 (%).Trend:Decrease 34.42% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 101.28 (%).Trend:Decrease 47.44% than previous quarter

Overall: decreasing (-65.53%). 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 747.44 (%).Trend:Increase 245.3% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 448.29 (%).Trend:Decrease 40.02% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 301.32 (%).Trend:Decrease 32.78% than previous quarter

Overall: decreasing (-59.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.89 (%).Trend:Decrease 2.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.07 (%).Trend:Increase 5.47% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.58 (%).Trend:Decrease 1.16% than previous quarter

Overall: increasing (4.24%). 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 44.51 (%).Trend:Increase 14.39% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 45.81 (%).Trend:Increase 2.92% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 48.67 (%).Trend:Increase 6.24% than previous quarter

Overall: increasing (9.35%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 19.13 (USD).Trend:Increase 132.73% than previous quarter
Year 2022 Quarter 2: Earning Per Share 21.64 (USD).Trend:Increase 13.12% than previous quarter
Year 2022 Quarter 3: Earning Per Share 24.0 (USD).Trend:Increase 10.91% than previous quarter

Overall: increasing (25.46%). Fluctuation: **Neutral** (moderate variation).



Financial statements reveal significant fluctuations in working capital efficiency. Liabilities on revenue decreased substantially from Q1 to Q3 2022, but increased sharply in Q1 2023, exhibiting high variation.  Similarly, current assets on revenue decreased significantly over the same period. Cost efficiency shows a marked decline in the ratio of retained earnings to revenue, yet the SG&A expense ratio shows stable growth and little change, indicating stable management costs.  Investment efficiency shows consistent gains, increasing retained earnings on assets with low variation. Earnings per share have shown significant growth from Q1 to Q3 2022 but experienced a drastic drop in Q1 2023 followed by growth in the subsequent quarters.