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 37.62 (%).Trend:Decrease 42.49% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.3 (%).Trend:Decrease 32.75% than previous quarter

Overall: decreasing (-61.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 249.58 (%).Trend:Decrease 46.82% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 146.94 (%).Trend:Decrease 41.13% than previous quarter

Overall: decreasing (-68.69%). 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 405.29 (%).Trend:Decrease 45.46% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 244.82 (%).Trend:Decrease 39.59% than previous quarter

Overall: decreasing (-67.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.92 (%).Trend:Increase 1.38% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.96 (%).Trend:Increase 0.29% than previous quarter

Overall: increasing (1.68%). 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 52.99 (%).Trend:Increase 4.25% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 53.12 (%).Trend:Increase 0.25% than previous quarter

Overall: increasing (4.51%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statement analysis from Q1 2022 to Q3 2022 reveals substantial decreases in working capital efficiency, with both liabilities and current assets on revenue declining significantly.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also experienced a substantial decrease.  In contrast, selling, general, and administrative (SG&A) expense ratios showed a minor, consistent increase. Investment efficiency, measured by retained earnings on assets, exhibited minimal fluctuation.