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 102.66 (%).Trend:Increase 194.32% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.47 (%).Trend:Decrease 51.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 32.06 (%).Trend:Decrease 35.19% than previous quarter

Overall: decreasing (-68.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 155.31 (%).Trend:Increase 172.09% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 77.73 (%).Trend:Decrease 49.95% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 50.94 (%).Trend:Decrease 34.47% than previous quarter

Overall: decreasing (-67.2%). 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 26.83 (%).Trend:Increase 371.53% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 15.6 (%).Trend:Decrease 41.86% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 11.66 (%).Trend:Decrease 25.26% than previous quarter

Overall: decreasing (-56.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.8 (%).Trend:Increase 1.48% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.01 (%).Trend:Decrease 5.0% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.89 (%).Trend:Decrease 0.8% than previous quarter

Overall: decreasing (-5.76%). 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 6.47 (%).Trend:Increase 50.82% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 7.88 (%).Trend:Increase 21.79% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.96 (%).Trend:Increase 13.71% than previous quarter

Overall: increasing (38.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.6 (USD).Trend:Decrease 50.82% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.25 (USD).Trend:Increase 108.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.68 (USD).Trend:Increase 34.4% than previous quarter

Overall: increasing (180.0%). Fluctuation: **Significant** (high variation).



The financial analysis reveals significant volatility in key metrics. Working capital efficiency demonstrates fluctuating liabilities and current assets on revenue.  Cost efficiency shows significant instability in the retained earnings-to-revenue ratio, but a relatively stable SG&A expense ratio. Investment efficiency shows a consistent increase in retained earnings on assets. Earnings per share, on the other hand, display significant fluctuation, including a substantial drop in Q1 2023.