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 86.66 (%).Trend:Increase 251.28% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 42.53 (%).Trend:Decrease 50.92% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 27.79 (%).Trend:Decrease 34.66% than previous quarter

Overall: decreasing (-67.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 228.88 (%).Trend:Increase 252.77% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 120.32 (%).Trend:Decrease 47.43% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 62.73 (%).Trend:Decrease 47.86% than previous quarter

Overall: decreasing (-72.59%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.52 (%).Trend:Increase 8.8% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.8 (%).Trend:Decrease 3.35% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.69 (%).Trend:Decrease 0.53% than previous quarter

Overall: decreasing (-3.86%). 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
Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 69.6% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.65 (USD).Trend:Increase 334.21% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.37 (USD).Trend:Increase 164.85% than previous quarter

Overall: increasing (1050.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2022 to Q3 2022 indicate a concerning trend of decreasing working capital efficiency (liabilities and current assets on revenue).  Cost efficiency (SG&A) shows a minimal decrease, while investment efficiency (earnings per share) shows substantial growth, despite considerable volatility. Further analysis is needed to determine the root causes of the decreasing trends in working capital and the factors driving the substantial swings in earnings per share.