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 100.62 (%).Trend:Increase 169.76% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 51.26 (%).Trend:Decrease 49.06% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.76 (%).Trend:Decrease 30.24% than previous quarter

Overall: decreasing (-64.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 192.35 (%).Trend:Increase 172.18% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 98.02 (%).Trend:Decrease 49.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 64.94 (%).Trend:Decrease 33.75% than previous quarter

Overall: decreasing (-66.24%). 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 109.98 (%).Trend:Increase 237.57% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 57.14 (%).Trend:Decrease 48.05% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 42.23 (%).Trend:Decrease 26.09% than previous quarter

Overall: decreasing (-61.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.99 (%).Trend:Decrease 12.0% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 34.42% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.81 (%).Trend:Decrease 8.66% than previous quarter

Overall: increasing (22.78%). Fluctuation: **Neutral** (moderate 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 25.78 (%).Trend:Increase 24.9% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 27.19 (%).Trend:Increase 5.47% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 29.75 (%).Trend:Increase 9.42% than previous quarter

Overall: increasing (15.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.46 (USD).Trend:Decrease 35.4% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.75 (USD).Trend:Increase 88.36% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.3 (USD).Trend:Increase 56.36% than previous quarter

Overall: increasing (194.52%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant volatility in several key areas.  Working capital efficiency metrics, liabilities and current assets on revenue, show substantial fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates a clear downward trend in the first three quarters, followed by a substantial increase in Q1 2023.  SG&A expense ratios exhibit moderate fluctuations.  Investment efficiency, represented by retained earnings on assets, shows a relatively steady increase.  Earning per share saw considerable growth from Q1 to Q3 2022, but a significant drop in Q1 2023.