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 43.2 (%).Trend:Increase 162.61% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 24.23 (%).Trend:Decrease 43.91% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 17.45 (%).Trend:Decrease 27.98% than previous quarter

Overall: decreasing (-59.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 164.44 (%).Trend:Increase 124.43% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 94.66 (%).Trend:Decrease 42.43% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 68.28 (%).Trend:Decrease 27.87% than previous quarter

Overall: decreasing (-58.48%). 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 109.24 (%).Trend:Increase 174.47% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 62.2 (%).Trend:Decrease 43.06% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 44.25 (%).Trend:Decrease 28.86% than previous quarter

Overall: decreasing (-59.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.42 (%).Trend:Decrease 27.48% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.22 (%).Trend:Increase 4.12% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.26 (%).Trend:Decrease 4.75% than previous quarter

Overall: decreasing (-0.82%). 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 40.53 (%).Trend:Increase 21.6% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 40.68 (%).Trend:Increase 0.37% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 43.73 (%).Trend:Increase 7.5% than previous quarter

Overall: increasing (7.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.76 (USD).Trend:Decrease 19.15% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.43 (USD).Trend:Increase 88.16% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.35 (USD).Trend:Increase 64.34% than previous quarter

Overall: increasing (209.21%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2022 show significant changes in several key performance indicators.  Liabilities, current assets, and retained earnings ratios all decreased substantially in Q3 2022.  SG&A expense ratios followed a similar yet milder downward trend.  Retained earnings on assets and earnings per share (EPS) both showed an upward trend in Q3, though the fluctuation in EPS is significant compared to the steady growth in retained earnings on assets.  The analysis needs to assess the factors driving these changes.