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 81.05 (%).Trend:Increase 179.87% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 44.35 (%).Trend:Decrease 45.28% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.52 (%).Trend:Decrease 33.44% than previous quarter

Overall: decreasing (-63.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 101.53 (%).Trend:Increase 154.97% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 51.65 (%).Trend:Decrease 49.13% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 37.51 (%).Trend:Decrease 27.38% than previous quarter

Overall: decreasing (-63.06%). 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 215.99 (%).Trend:Increase 212.85% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 103.94 (%).Trend:Decrease 51.88% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 66.5 (%).Trend:Decrease 36.02% than previous quarter

Overall: decreasing (-69.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.71 (%).Trend:Decrease 0.27% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.81 (%).Trend:Increase 7.48% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.0 (%).Trend:Decrease 5.12% than previous quarter

Overall: increasing (1.97%). 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 32.09 (%).Trend:Decrease 30.36% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 31.41 (%).Trend:Decrease 2.12% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 31.75 (%).Trend:Increase 1.08% than previous quarter

Overall: decreasing (-1.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.58 (USD).Trend:Decrease 76.61% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.98 (USD).Trend:Increase 68.97% than previous quarter
Year 2022 Quarter 3: Earning Per Share 2.5 (USD).Trend:Increase 155.1% than previous quarter

Overall: increasing (331.03%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2022 exhibit mixed results. Liabilities and current assets on revenue decreased overall with considerable fluctuation. Cost efficiency shows a decrease in the retained earnings-to-revenue ratio with significant fluctuation. The SG&A expense ratio increased slightly with little fluctuation. Investment efficiency and earnings per share show decreasing trends with substantial fluctuation.