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 60.24 (%).Trend:Increase 183.35% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 30.92 (%).Trend:Decrease 48.67% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.63 (%).Trend:Decrease 39.75% than previous quarter

Overall: decreasing (-69.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 150.2 (%).Trend:Increase 159.59% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 72.88 (%).Trend:Decrease 51.48% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 46.11 (%).Trend:Decrease 36.73% than previous quarter

Overall: decreasing (-69.3%). 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 182.61 (%).Trend:Increase 161.24% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 88.93 (%).Trend:Decrease 51.3% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 60.59 (%).Trend:Decrease 31.87% than previous quarter

Overall: decreasing (-66.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.32 (%).Trend:Decrease 14.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.15 (%).Trend:Decrease 5.12% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.16 (%).Trend:Increase 0.32% than previous quarter

Overall: decreasing (-4.82%). 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 64.51 (%).Trend:Decrease 1.0% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 64.7 (%).Trend:Increase 0.29% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 67.11 (%).Trend:Increase 3.72% than previous quarter

Overall: increasing (4.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 89.28 (USD).Trend:Decrease 76.94% than previous quarter
Year 2022 Quarter 2: Earning Per Share 181.81 (USD).Trend:Increase 103.64% than previous quarter
Year 2022 Quarter 3: Earning Per Share 307.0 (USD).Trend:Increase 68.86% than previous quarter

Overall: increasing (243.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2022 reveals a complex financial picture. Working capital metrics (liabilities and current assets on revenue) show significant decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates a major decline.  In contrast, investment efficiency (retained earnings on assets) shows a modest rise.  Earnings per share (EPS) also displays a notable overall increase, though with significant quarter-to-quarter variability. The selling, general, and administrative (SG&A) expense ratio shows a slight but consistent decrease.