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 42.16 (%).Trend:Increase 141.33% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 19.14 (%).Trend:Decrease 54.6% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 19.77 (%).Trend:Increase 3.29% than previous quarter

Overall: decreasing (-53.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 128.87 (%).Trend:Increase 178.64% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 44.01 (%).Trend:Decrease 65.85% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 26.85 (%).Trend:Decrease 38.99% than previous quarter

Overall: decreasing (-79.17%). 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 299.87 (%).Trend:Increase 190.74% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 152.48 (%).Trend:Decrease 49.15% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 122.61 (%).Trend:Decrease 19.59% than previous quarter

Overall: decreasing (-59.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.78 (%).Trend:Increase 7.97% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.96 (%).Trend:Decrease 6.96% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.64 (%).Trend:Increase 6.2% than previous quarter

Overall: decreasing (-1.19%). 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 104.61 (%).Trend:Increase 8.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 124.67 (%).Trend:Increase 19.18% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 133.1 (%).Trend:Increase 6.76% than previous quarter

Overall: increasing (27.23%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.62 (USD).Trend:Decrease 61.01% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.41 (USD).Trend:Increase 127.42% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.55 (USD).Trend:Increase 9.93% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2022 reveals significant volatility across key metrics. Liabilities on revenue decreased substantially, while current assets on revenue decreased sharply. Cost efficiency, measured by retained earnings-to-revenue, decreased significantly. SG&A expense ratios showed minimal fluctuation and a downward trend. Investment efficiency displayed consistent growth in retained earnings on assets. Earning per share increased substantially but exhibited considerable fluctuations.