Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 28.23 (%).Trend:Decrease 26.0% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 37.62 (%).Trend:Decrease 42.49% than previous quarter

Overall: increasing (33.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 174.94 (%).Trend:Decrease 32.34% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 249.58 (%).Trend:Decrease 46.82% than previous quarter

Overall: increasing (42.67%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 267.36 (%).Trend:Decrease 30.58% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 405.29 (%).Trend:Decrease 45.46% than previous quarter

Overall: increasing (51.59%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.51 (%).Trend:Increase 3.95% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.92 (%).Trend:Increase 1.38% than previous quarter

Overall: decreasing (-10.25%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2021 to Quater 1 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets 49.8 (%).Trend:Increase 3.08% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets 52.99 (%).Trend:Increase 4.25% than previous quarter

Overall: increasing (6.41%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2021 to Q1 2022 show significant increases in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue).  However, selling, general, and administrative (SG&A) expenses decreased slightly, indicating some cost-cutting efforts. Investment efficiency, reflected by retained earnings on assets, showed a moderate uptrend.  The data suggests a period of evolving strategies, potentially to address efficiency issues.