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 66.85 (%).Trend:Increase 209.35% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 36.02 (%).Trend:Decrease 46.12% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 24.34 (%).Trend:Decrease 32.43% than previous quarter

Overall: decreasing (-63.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 212.44 (%).Trend:Increase 219.46% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 112.47 (%).Trend:Decrease 47.06% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 77.86 (%).Trend:Decrease 30.77% than previous quarter

Overall: decreasing (-63.35%). 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 273.44 (%).Trend:Increase 195.36% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 137.97 (%).Trend:Decrease 49.54% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 91.86 (%).Trend:Decrease 33.42% than previous quarter

Overall: decreasing (-66.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.06 (%).Trend:Decrease 6.24% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.88 (%).Trend:Decrease 0.75% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.48 (%).Trend:Decrease 1.68% than previous quarter

Overall: decreasing (-2.41%). 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 66.32 (%).Trend:Increase 0.64% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 66.58 (%).Trend:Increase 0.39% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 66.89 (%).Trend:Increase 0.47% than previous quarter

Overall: increasing (0.86%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 67.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share 1.06 (USD).Trend:Increase 116.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.0 (USD).Trend:Decrease 5.66% than previous quarter

Overall: increasing (104.08%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2022 to Q3 2022 reveal several critical trends.  Working capital efficiency is highly volatile, with both liabilities and current assets on revenue exhibiting significant decreases, followed by notable increases. Cost efficiency shows a consistent decrease in SG&A expense ratio. Investment efficiency (retained earning on assets) displays little fluctuation and a slight downward trend. Earning per share displays significant fluctuation with an overall upward trend. The overall picture suggests high variability in operational efficiency, especially concerning working capital.