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 65.11 (%).Trend:Increase 197.71% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 31.14 (%).Trend:Decrease 52.17% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.22 (%).Trend:Decrease 31.86% than previous quarter

Overall: decreasing (-67.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 94.79 (%).Trend:Increase 167.16% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 47.91 (%).Trend:Decrease 49.46% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 30.91 (%).Trend:Decrease 35.48% than previous quarter

Overall: decreasing (-67.39%). 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 303.56 (%).Trend:Increase 233.0% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 159.62 (%).Trend:Decrease 47.42% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 109.44 (%).Trend:Decrease 31.44% than previous quarter

Overall: decreasing (-63.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.28 (%).Trend:Increase 3.69% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.73 (%).Trend:Increase 2.76% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.36 (%).Trend:Increase 3.77% than previous quarter

Overall: increasing (6.63%). 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 58.96 (%).Trend:Increase 9.12% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 60.72 (%).Trend:Increase 2.99% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 62.49 (%).Trend:Increase 2.92% than previous quarter

Overall: increasing (5.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.97 (USD).Trend:Decrease 76.48% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.97 (USD).Trend:Increase 67.34% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.17 (USD).Trend:Increase 44.27% than previous quarter

Overall: increasing (141.41%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2022 to Q3 2022 reveals significant decreases in liabilities and current assets on revenue, and the ratio of retained earnings to revenue; all with considerable fluctuation.  The SG&A expense ratio, conversely, demonstrated a small but steady increase.  Retained earnings on assets increased gradually.  Importantly, earnings per share showed a significant overall increase despite initial decline.