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 57.73 (%).Trend:Increase 151.44% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 30.63 (%).Trend:Decrease 46.94% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 22.1 (%).Trend:Decrease 27.85% than previous quarter

Overall: decreasing (-61.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 101.88 (%).Trend:Increase 171.82% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 52.76 (%).Trend:Decrease 48.21% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 37.21 (%).Trend:Decrease 29.47% than previous quarter

Overall: decreasing (-63.48%). 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 108.01 (%).Trend:Increase 140.13% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 51.61 (%).Trend:Decrease 52.22% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 34.16 (%).Trend:Decrease 33.81% than previous quarter

Overall: decreasing (-68.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.85 (%).Trend:Increase 15.44% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.76 (%).Trend:Decrease 0.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 3.68% than previous quarter

Overall: decreasing (-4.23%). 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 35.54 (%).Trend:Decrease 6.94% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 34.45 (%).Trend:Decrease 3.07% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 34.3 (%).Trend:Decrease 0.44% than previous quarter

Overall: decreasing (-3.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.43 (USD).Trend:Decrease 80.63% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.34 (USD).Trend:Decrease 20.93% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.79 (USD).Trend:Increase 132.35% than previous quarter

Overall: increasing (83.72%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2022 reveals substantial fluctuations in key metrics. Working capital efficiency shows declining liabilities and current assets, but with large variations. Cost efficiency demonstrates significant decreases in the retained earnings-to-revenue ratio.  SG&A expenses show a modest downward trend, indicating little fluctuation.  Investment efficiency shows a small decrease in retained earnings on assets. Earning per share displays a significant decline in Q1 and Q2 2022, before rising substantially in Q3 2022.