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 69.4 (%).Trend:Increase 129.42% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 44.33 (%).Trend:Decrease 36.12% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.0 (%).Trend:Decrease 34.58% than previous quarter

Overall: decreasing (-58.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 48.14 (%).Trend:Increase 216.09% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 23.33 (%).Trend:Decrease 51.54% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 16.68 (%).Trend:Decrease 28.5% than previous quarter

Overall: decreasing (-65.35%). 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 89.14 (%).Trend:Increase 176.75% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 46.9 (%).Trend:Decrease 47.39% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 30.92 (%).Trend:Decrease 34.07% than previous quarter

Overall: decreasing (-65.31%). 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 16.46 (%).Trend:Increase 24.98% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 11.81 (%).Trend:Decrease 28.25% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 11.75 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-28.61%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.38 (USD).Trend:Decrease 20.23% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.97 (USD).Trend:Increase 42.75% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 1.52% than previous quarter

Overall: increasing (44.93%). Fluctuation: **Neutral** (moderate variation).



Financial statements for Q1 2022 to Q3 2022 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased overall by 58.21%, while current assets on revenue decreased by 65.35%.  Retained earnings to revenue also decreased significantly (65.31%).  Investment efficiency (retained earnings on assets) showed a decrease of 28.61% with neutral fluctuation. Earnings per share increased overall by 44.93%, showing moderate fluctuation.