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 91.72 (%).Trend:Increase 182.74% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 45.92 (%).Trend:Decrease 49.93% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.77 (%).Trend:Decrease 35.17% than previous quarter

Overall: decreasing (-67.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 183.05 (%).Trend:Increase 164.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 91.81 (%).Trend:Decrease 49.84% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 58.34 (%).Trend:Decrease 36.46% than previous quarter

Overall: decreasing (-68.13%). 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 97.71 (%).Trend:Increase 219.21% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 50.23 (%).Trend:Decrease 48.59% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.92 (%).Trend:Decrease 30.48% than previous quarter

Overall: decreasing (-64.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.1 (%).Trend:Decrease 1.77% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.59 (%).Trend:Decrease 4.59% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.52 (%).Trend:Decrease 0.66% than previous quarter

Overall: decreasing (-5.23%). 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 33.32 (%).Trend:Increase 15.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 34.89 (%).Trend:Increase 4.71% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 37.54 (%).Trend:Increase 7.6% than previous quarter

Overall: increasing (12.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.74 (USD).Trend:Decrease 68.24% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.82 (USD).Trend:Increase 145.95% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.02 (USD).Trend:Increase 65.93% than previous quarter

Overall: increasing (308.11%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 reveals a mixed performance. Liabilities and current assets on revenue show significant decreases.  The ratio of retained earnings to revenue also shows substantial declines.  SG&A expense ratio shows consistent decrease. Investment efficiency (retained earnings on assets) trends upwards steadily. Earnings per share show a substantial increase, but with substantial variation.