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 1810.29 (%).Trend:Increase 293.82% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 533.75 (%).Trend:Decrease 70.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 714.92 (%).Trend:Increase 33.94% than previous quarter

Overall: decreasing (-60.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 1842.69 (%).Trend:Increase 272.97% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 555.28 (%).Trend:Decrease 69.87% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 727.58 (%).Trend:Increase 31.03% than previous quarter

Overall: decreasing (-60.52%). 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 147.12 (%).Trend:Increase 206.63% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 73.4 (%).Trend:Decrease 50.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 50.05 (%).Trend:Decrease 31.81% than previous quarter

Overall: decreasing (-65.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 6.98 (%).Trend:Decrease 16.71% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 10.66 (%).Trend:Increase 52.72% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.12 (%).Trend:Decrease 42.59% than previous quarter

Overall: decreasing (-12.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.56 (USD).Trend:Decrease 48.62% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 32.14% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.38 (USD).Trend:Increase 86.49% than previous quarter

Overall: increasing (146.43%). Fluctuation: **Significant** (high variation).



Financial review of Q1-Q3 2022 reveals a complex financial picture with significant volatility.  Liabilities and current assets on revenue show overall decreases but with large quarterly swings. Cost efficiency, measured by the retained earnings-to-revenue ratio, also displays a downward trend.  Investment efficiency shows a similar declining pattern, while earnings per share, despite significant quarterly variation, have increased.  These conflicting trends demand further investigation into the underlying operational factors driving these shifts.