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

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 70.5 (%).Trend:Increase 182.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 45.09 (%).Trend:Decrease 36.04% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 40.96 (%).Trend:Decrease 9.16% than previous quarter

Overall: decreasing (-41.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 164.36 (%).Trend:Increase 192.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83.87 (%).Trend:Decrease 48.97% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.49 (%).Trend:Decrease 29.07% than previous quarter

Overall: decreasing (-63.81%). Fluctuation: **Significant** (high variation).


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

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 117.42 (%).Trend:Increase 193.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 61.13 (%).Trend:Decrease 47.94% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 42.17 (%).Trend:Decrease 31.02% than previous quarter

Overall: decreasing (-64.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.38 (%).Trend:Decrease 7.54% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.04 (%).Trend:Increase 2.6% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.31 (%).Trend:Increase 4.88% than previous quarter

Overall: increasing (7.6%). Fluctuation: **Little** (low variation).


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

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 31.43 (%).Trend:Increase 4.31% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 32.15 (%).Trend:Increase 2.29% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 31.47 (%).Trend:Decrease 2.12% than previous quarter

Overall: increasing (0.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.04 (USD).Trend:Decrease 61.19% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.01 (USD).Trend:Increase 93.27% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.27 (USD).Trend:Increase 12.94% than previous quarter

Overall: increasing (118.27%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant volatility across various key metrics. Liabilities on revenue decreased by 41.9% overall, but with substantial quarter-to-quarter fluctuations.  Current assets on revenue also decreased considerably (-63.81%), showcasing a similar pattern of instability.  The ratio of retained earnings to revenue declined significantly (-64.09%), indicating considerable instability in cost efficiency. However, the Selling, General & Administrative (SG&A) expense ratio increased steadily (7.6%) with minimal variation.  Retained earnings on assets showed a small increase (0.13%) with minimal fluctuation, while earnings per share (EPS) increased notably (118.27%), yet with substantial variation.