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 99.61 (%).Trend:Increase 206.3% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 47.83 (%).Trend:Decrease 51.98% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 32.63 (%).Trend:Decrease 31.78% than previous quarter

Overall: decreasing (-67.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 171.4 (%).Trend:Increase 196.64% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 84.89 (%).Trend:Decrease 50.47% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 55.99 (%).Trend:Decrease 34.04% than previous quarter

Overall: decreasing (-67.33%). 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 176.3 (%).Trend:Increase 199.52% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 91.77 (%).Trend:Decrease 47.95% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 61.91 (%).Trend:Decrease 32.54% than previous quarter

Overall: decreasing (-64.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.02 (%).Trend:Increase 3.41% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.24 (%).Trend:Increase 2.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.08 (%).Trend:Decrease 1.56% than previous quarter

Overall: increasing (0.6%). 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 40.95 (%).Trend:Increase 2.61% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 43.39 (%).Trend:Increase 5.96% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 45.03 (%).Trend:Increase 3.78% than previous quarter

Overall: increasing (9.96%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 50.88% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.75 (USD).Trend:Increase 108.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.92 (USD).Trend:Increase 66.86% than previous quarter

Overall: increasing (247.62%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2022 reveals significant volatility in working capital efficiency metrics (liabilities, current assets, retained earnings/revenue), all showing substantial decreases overall.  Cost efficiency, as measured by SG&A, exhibited only minor fluctuations and a slight overall increase. Investment efficiency metrics (retained earnings on assets) showed modest growth.  However, a dramatic increase in earnings per share suggests strong underlying profitability despite working capital concerns.