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 52.35 (%).Trend:Increase 163.07% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 22.61 (%).Trend:Decrease 56.81% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 16.89 (%).Trend:Decrease 25.3% than previous quarter

Overall: decreasing (-67.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 135.76 (%).Trend:Increase 159.03% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 64.66 (%).Trend:Decrease 52.37% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 47.11 (%).Trend:Decrease 27.14% than previous quarter

Overall: decreasing (-65.3%). 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 151.11 (%).Trend:Increase 180.46% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 78.69 (%).Trend:Decrease 47.93% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 52.63 (%).Trend:Decrease 33.12% than previous quarter

Overall: decreasing (-65.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.27 (%).Trend:Decrease 4.88% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.37 (%).Trend:Increase 0.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.07 (%).Trend:Decrease 1.47% than previous quarter

Overall: decreasing (-0.99%). 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 58.5 (%).Trend:Increase 6.97% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 62.53 (%).Trend:Increase 6.89% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 60.7 (%).Trend:Decrease 2.93% than previous quarter

Overall: increasing (3.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.38 (USD).Trend:Decrease 37.56% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.86 (USD).Trend:Increase 107.25% than previous quarter
Year 2022 Quarter 3: Earning Per Share 4.63 (USD).Trend:Increase 61.89% than previous quarter

Overall: increasing (235.51%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2022 to Q3 2022 financial statements reveals significant decreases in working capital efficiency, liabilities, and current assets on revenue. Cost efficiency, specifically the SG&A ratio, shows a minor decrease. Investment efficiency, with retained earnings on assets, exhibits a slight upward trend.  Earnings per share demonstrates an increase in Q3 2022, after a decrease in Q1 2022 and a considerable gain in Q2 2022, pointing to potentially unstable short-term financial performance.