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 35.63 (%).Trend:Increase 182.33% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 20.13 (%).Trend:Decrease 43.5% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 14.53 (%).Trend:Decrease 27.82% than previous quarter

Overall: decreasing (-59.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 146.01 (%).Trend:Increase 122.44% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 84.47 (%).Trend:Decrease 42.15% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 58.03 (%).Trend:Decrease 31.3% than previous quarter

Overall: decreasing (-60.26%). 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 -35.89 (%).Trend:Increase 2771.2% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -8.05 (%).Trend:Decrease 77.57% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -4.83 (%).Trend:Decrease 40.0% than previous quarter

Overall: increasing (-86.54%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.96 (%).Trend:Decrease 21.27% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.76 (%).Trend:Increase 20.2% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.16 (%).Trend:Increase 8.4% than previous quarter

Overall: increasing (30.3%). 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 -5.4 (%).Trend:Increase 980.0% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -2.16 (%).Trend:Decrease 60.0% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -1.4 (%).Trend:Decrease 35.19% than previous quarter

Overall: increasing (-74.07%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.36 (USD).Trend:Decrease 58.74% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.09 (USD).Trend:Increase 73.31% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.0 (USD).Trend:Decrease 2.2% than previous quarter

Overall: increasing (69.49%). Fluctuation: **Neutral** (moderate variation).



Financial statement responses reveal significant volatility across key metrics. Working capital efficiency shows substantial decreases in liabilities and current assets from Q1 to Q3 2022, followed by a substantial rise in Q1 2023. The ratio of retained earnings to revenue demonstrates extreme fluctuations, increasing sharply in Q1 2022, followed by periods of decrease. The SG&A expense ratio shows a gradual increase with moderate variation. Investment efficiency demonstrates substantial fluctuation with large increases and decreases in retained earnings on assets.  Earnings per share show variation.