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 77.36 (%).Trend:Increase 120.02% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 61.43 (%).Trend:Decrease 20.59% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 38.14 (%).Trend:Decrease 37.91% than previous quarter

Overall: decreasing (-50.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 130.71 (%).Trend:Increase 120.12% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 83.92 (%).Trend:Decrease 35.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 52.47 (%).Trend:Decrease 37.48% than previous quarter

Overall: decreasing (-59.86%). 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 25.27 (%).Trend:Increase 209.3% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 14.84 (%).Trend:Decrease 41.27% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 10.33 (%).Trend:Decrease 30.39% than previous quarter

Overall: decreasing (-59.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.43 (%).Trend:Increase 6.14% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.82 (%).Trend:Increase 1.53% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.17 (%).Trend:Increase 1.36% than previous quarter

Overall: increasing (2.91%). 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 8.07 (%).Trend:Increase 30.37% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 8.13 (%).Trend:Increase 0.74% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.99 (%).Trend:Increase 10.58% than previous quarter

Overall: increasing (11.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 70.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.58 (USD).Trend:Increase 132.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.78 (USD).Trend:Increase 34.48% than previous quarter

Overall: increasing (212.0%). Fluctuation: **Significant** (high variation).



Analysis of 2021-2022 financial statements reveals significant fluctuations across multiple metrics. Working capital efficiency, measured by liabilities and current assets on revenue, shows considerable variation. Cost efficiency, reflected in the decreasing retained earnings to revenue ratio, indicates potential challenges.  SG&A expense ratio exhibited a slight upward trend, while investment efficiency saw a consistent increase in retained earnings on assets. Earnings per share, however, show significant fluctuations.