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 100.62 (%).Trend:Increase 169.76% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 51.26 (%).Trend:Decrease 49.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.76 (%).Trend:Decrease 30.24% than previous quarter

Overall: decreasing (-64.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 192.35 (%).Trend:Increase 172.18% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 98.02 (%).Trend:Decrease 49.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 64.94 (%).Trend:Decrease 33.75% than previous quarter

Overall: decreasing (-66.24%). 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 109.98 (%).Trend:Increase 237.57% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 57.14 (%).Trend:Decrease 48.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 42.23 (%).Trend:Decrease 26.09% than previous quarter

Overall: decreasing (-61.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.99 (%).Trend:Decrease 12.0% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 34.42% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.81 (%).Trend:Decrease 8.66% than previous quarter

Overall: increasing (22.78%). Fluctuation: **Neutral** (moderate 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 25.78 (%).Trend:Increase 24.9% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 27.19 (%).Trend:Increase 5.47% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 29.75 (%).Trend:Increase 9.42% than previous quarter

Overall: increasing (15.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.46 (USD).Trend:Decrease 35.4% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.75 (USD).Trend:Increase 88.36% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.3 (USD).Trend:Increase 56.36% than previous quarter

Overall: increasing (194.52%). Fluctuation: **Significant** (high variation).



Working capital efficiency reveals substantial volatility. Liabilities on revenue decreased considerably from Q1 to Q3 2022, before increasing sharply in Q1 2023. Current assets followed a similar, yet even more pronounced trend.  Cost efficiency shows a considerable decline in the ratio of retained earnings to revenue across the three quarters.  SG&A expense ratio displays moderate fluctuations.  Investment efficiency demonstrates a relatively stable increase in retained earnings on assets.  Earning per share saw substantial growth from Q1 to Q3 2022, but plunged in Q1 2023.