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 84.13 (%).Trend:Increase 171.91% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 41.37 (%).Trend:Decrease 50.83% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 27.77 (%).Trend:Decrease 32.87% than previous quarter

Overall: decreasing (-66.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 166.23 (%).Trend:Increase 181.17% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 80.4 (%).Trend:Decrease 51.63% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 54.82 (%).Trend:Decrease 31.82% than previous quarter

Overall: decreasing (-67.02%). 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 387.02 (%).Trend:Increase 174.33% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 182.8 (%).Trend:Decrease 52.77% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 118.34 (%).Trend:Decrease 35.26% than previous quarter

Overall: decreasing (-69.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.4 (%).Trend:Increase 3.42% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.18 (%).Trend:Decrease 9.84% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.79 (%).Trend:Decrease 3.49% than previous quarter

Overall: decreasing (-12.98%). 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 43.92 (%).Trend:Increase 1.36% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 44.26 (%).Trend:Increase 0.77% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 44.56 (%).Trend:Increase 0.68% than previous quarter

Overall: increasing (1.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 106.74% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.76 (USD).Trend:Increase 162.07% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.41 (USD).Trend:Increase 85.53% than previous quarter

Overall: increasing (386.21%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2022 shows a mixed picture. Liabilities and current assets on revenue are decreasing significantly, potentially pointing to liquidity concerns.  Cost efficiency, reflected in the ratio of retained earnings to revenue, is declining markedly.  While the Selling, General & Administrative (SG&A) expense ratio is decreasing steadily, this is contrasted by a modest increase in investment efficiency (retained earnings on assets).  Earnings per share experienced substantial growth with high variability.  Overall, the significant fluctuations across most categories highlight the need for deeper investigation.