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 91.43 (%).Trend:Increase 150.01% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 46.4 (%).Trend:Decrease 49.25% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.96 (%).Trend:Decrease 31.12% than previous quarter

Overall: decreasing (-65.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 295.5 (%).Trend:Increase 168.76% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 129.71 (%).Trend:Decrease 56.1% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 87.24 (%).Trend:Decrease 32.74% than previous quarter

Overall: decreasing (-70.48%). 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 196.99 (%).Trend:Increase 180.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 96.35 (%).Trend:Decrease 51.09% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 64.66 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-67.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 8.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.45 (%).Trend:Increase 0.32% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.89 (%).Trend:Decrease 4.5% than previous quarter

Overall: decreasing (-4.19%). 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 42.73 (%).Trend:Increase 5.09% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 43.01 (%).Trend:Increase 0.66% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 44.37 (%).Trend:Increase 3.16% than previous quarter

Overall: increasing (3.84%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.98 (USD).Trend:Decrease 60.48% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.18 (USD).Trend:Increase 122.45% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 83.49% than previous quarter

Overall: increasing (308.16%). Fluctuation: **Significant** (high variation).



The financial analysis reveals significant volatility in working capital efficiency, with liabilities and current assets on revenue both decreasing substantially across the three quarters.  Cost efficiency indicates a considerable decline in the retained earnings-to-revenue ratio, but a relatively stable SG&A expense ratio.  Investment efficiency demonstrates a slight, stable increase in retained earnings on assets.  Earnings per share show a strong upward trend, but again with a large degree of fluctuation.