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 68.73 (%).Trend:Increase 253.0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 31.98 (%).Trend:Decrease 53.47% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 21.64 (%).Trend:Decrease 32.33% than previous quarter

Overall: decreasing (-68.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 106.08 (%).Trend:Increase 223.71% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 49.61 (%).Trend:Decrease 53.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 32.98 (%).Trend:Decrease 33.52% than previous quarter

Overall: decreasing (-68.91%). 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 17.74 (%).Trend:Increase 275.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 9.28 (%).Trend:Decrease 47.69% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 6.32 (%).Trend:Decrease 31.9% than previous quarter

Overall: decreasing (-64.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.62 (%).Trend:Increase 0.17% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.93 (%).Trend:Increase 28.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.91 (%).Trend:Increase 6.56% than previous quarter

Overall: increasing (36.92%). 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 7.48 (%).Trend:Decrease 22.49% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 8.2 (%).Trend:Increase 9.63% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.45 (%).Trend:Increase 3.05% than previous quarter

Overall: increasing (12.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.53 (USD).Trend:Decrease 78.54% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.92 (USD).Trend:Increase 73.58% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.08 (USD).Trend:Increase 17.39% than previous quarter

Overall: increasing (103.77%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2022 reveals significant fluctuations in working capital efficiency metrics (liabilities and current assets on revenue), all decreasing overall.  Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue, but a moderate increase in SG&A expense. Investment efficiency metrics show a small increase in retained earnings on assets and a significant increase in earnings per share, despite volatility.