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 263010000000.0 (%).Trend:Decrease 2.48% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 320510000000.0 (%).Trend:Increase 21.86% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 340690000000.0 (%).Trend:Increase 6.3% than previous quarter

Overall: increasing (29.53%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 648350000000.0 (%).Trend:Decrease 22.6% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 624940000000.0 (%).Trend:Decrease 3.61% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 636730000000.0 (%).Trend:Increase 1.89% than previous quarter

Overall: decreasing (-1.79%). Fluctuation: **Little** (low 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 1590520000000.0 (%).Trend:Increase 3.28% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 1607590000000.0 (%).Trend:Increase 1.07% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 1629790000000.0 (%).Trend:Increase 1.38% than previous quarter

Overall: increasing (2.47%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23280000000.0 (%).Trend:Decrease 62.83% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45980000000.0 (%).Trend:Increase 97.51% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 67670000000.0 (%).Trend:Increase 47.17% than previous quarter

Overall: increasing (190.68%). Fluctuation: **Significant** (high 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 58.64 (%).Trend:Decrease 0.03% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 58.56 (%).Trend:Decrease 0.14% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 59.29 (%).Trend:Increase 1.25% than previous quarter

Overall: increasing (1.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.53 (USD).Trend:Decrease 62.35% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.91 (USD).Trend:Increase 94.07% than previous quarter
Year 2022 Quarter 3: Earning Per Share 7.54 (USD).Trend:Increase 53.56% than previous quarter

Overall: increasing (198.02%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q3 2022 shows a mixed picture of financial performance. Liabilities on revenue are increasing (29.53%), while current assets on revenue are decreasing slightly (-1.79%).  Cost efficiency, measured by the ratio of retained earnings to revenue, is increasing (2.47%).  However, SG&A expense ratios are increasing considerably (190.68%), exhibiting high volatility. Investment efficiency, reflected by retained earnings on assets, is slightly increasing (1.11%), while earnings per share are increasing significantly (198.02%), but also experiencing high volatility.