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 131.18 (%).Trend:Increase 345.89% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 49.0 (%).Trend:Decrease 62.65% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.69 (%).Trend:Decrease 35.33% than previous quarter

Overall: decreasing (-75.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 235.33 (%).Trend:Increase 274.91% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 79.9 (%).Trend:Decrease 66.05% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 54.8 (%).Trend:Decrease 31.41% than previous quarter

Overall: decreasing (-76.71%). 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 247.96 (%).Trend:Increase 356.4% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 126.32 (%).Trend:Decrease 49.06% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 86.22 (%).Trend:Decrease 31.74% than previous quarter

Overall: decreasing (-65.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.02 (%).Trend:Increase 32.14% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.72 (%).Trend:Decrease 5.89% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.33 (%).Trend:Decrease 1.06% than previous quarter

Overall: decreasing (-6.89%). 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 18.73 (%).Trend:Increase 12.02% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 19.89 (%).Trend:Increase 6.19% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 20.51 (%).Trend:Increase 3.12% than previous quarter

Overall: increasing (9.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.25 (USD).Trend:Decrease 87.05% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 200.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.16 (USD).Trend:Increase 54.67% than previous quarter

Overall: increasing (364.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 reveals significant fluctuation in working capital efficiency, with both liabilities and current assets on revenue decreasing. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a significant decrease.  The SG&A expense ratio shows a minor decrease, indicating stable cost management.  Investment efficiency exhibits a small, consistent increase in retained earnings on assets.  Earnings per share show high volatility, with a large decrease in Q1 2022, followed by a significant increase in Q2 2022 and further increases in Q3 2022.