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 57.89 (%).Trend:Increase 236.77% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 24.86 (%).Trend:Decrease 57.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.33 (%).Trend:Decrease 34.31% than previous quarter

Overall: decreasing (-71.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 133.32 (%).Trend:Increase 232.63% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 63.65 (%).Trend:Decrease 52.26% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.27 (%).Trend:Decrease 30.45% than previous quarter

Overall: decreasing (-66.79%). 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 126.35 (%).Trend:Increase 232.24% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 67.72 (%).Trend:Decrease 46.4% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 49.16 (%).Trend:Decrease 27.41% than previous quarter

Overall: decreasing (-61.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.21 (%).Trend:Increase 10.09% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.16 (%).Trend:Decrease 0.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.11 (%).Trend:Increase 3.78% than previous quarter

Overall: increasing (3.57%). 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 60.18 (%).Trend:Decrease 0.33% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 65.22 (%).Trend:Increase 8.37% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 68.13 (%).Trend:Increase 4.46% than previous quarter

Overall: increasing (13.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.16 (USD).Trend:Decrease 75.42% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.16 (USD).Trend:Increase 86.21% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.94 (USD).Trend:Increase 36.11% than previous quarter

Overall: increasing (153.45%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 reveals a significant decrease in liabilities-to-revenue and current assets-to-revenue ratios. Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows a downward trend. Conversely, selling, general, and administrative expense ratio shows an increasing trend. Investment efficiency and return on assets show increasing trends, while earnings per share exhibit significant increases.  Outliers and zero-values need to be excluded for proper interpretation.