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 58.76 (%).Trend:Increase 193.8% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 30.33 (%).Trend:Decrease 48.38% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 41.08 (%).Trend:Increase 35.44% than previous quarter

Overall: decreasing (-30.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 304.31 (%).Trend:Increase 233.42% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 155.87 (%).Trend:Decrease 48.78% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 113.41 (%).Trend:Decrease 27.24% than previous quarter

Overall: decreasing (-62.73%). 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 285.98 (%).Trend:Increase 237.32% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 148.64 (%).Trend:Decrease 48.02% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 90.74 (%).Trend:Decrease 38.95% than previous quarter

Overall: decreasing (-68.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.4 (%).Trend:Decrease 6.2% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.81 (%).Trend:Increase 3.31% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.96 (%).Trend:Increase 1.17% than previous quarter

Overall: increasing (4.52%). 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 45.64 (%).Trend:Increase 7.54% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 47.17 (%).Trend:Increase 3.35% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 19.64 (%).Trend:Decrease 58.36% than previous quarter

Overall: decreasing (-56.97%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 64.36% than previous quarter
Year 2022 Quarter 2: Earning Per Share 4.9 (USD).Trend:Increase 89.92% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.85 (USD).Trend:Decrease 1.02% than previous quarter

Overall: increasing (87.98%). Fluctuation: **Significant** (high variation).



Financial review of Q1-Q3 2022 reveals significant volatility across key metrics. Working capital efficiency (liabilities and current assets on revenue) is declining with substantial quarter-to-quarter variation. Cost efficiency, reflected by the ratio of retained earnings to revenue, shows a significant downward trend.  Investment efficiency (retained earnings on assets) also exhibits substantial fluctuations. Earnings per share demonstrate considerable volatility, while the SG&A expense ratio displays a consistent, albeit slight, increase.