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 71.7 (%).Trend:Increase 243.56% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 36.25 (%).Trend:Decrease 49.44% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 26.79 (%).Trend:Decrease 26.1% than previous quarter

Overall: decreasing (-62.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 270.94 (%).Trend:Increase 188.17% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 131.4 (%).Trend:Decrease 51.5% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 89.51 (%).Trend:Decrease 31.88% than previous quarter

Overall: decreasing (-66.96%). 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 70.64 (%).Trend:Increase 224.33% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 37.2 (%).Trend:Decrease 47.34% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 27.14 (%).Trend:Decrease 27.04% than previous quarter

Overall: decreasing (-61.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.27 (%).Trend:Decrease 14.55% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.36 (%).Trend:Increase 0.73% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.08 (%).Trend:Increase 5.83% than previous quarter

Overall: increasing (6.6%). 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 14.7 (%).Trend:Increase 20.39% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 16.13 (%).Trend:Increase 9.73% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 17.37 (%).Trend:Increase 7.69% than previous quarter

Overall: increasing (18.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.59 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 2.57 (USD).Trend:Increase 61.64% than previous quarter
Year 2022 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 16.73% than previous quarter

Overall: increasing (88.68%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 reveals significant volatility in key performance indicators (KPIs). Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all show substantial fluctuations. SG&A expense ratio, in contrast, displays minimal variation.  Investment efficiency (retained earnings on assets) and earnings per share demonstrate a steady increase, but with notable volatility.  This analysis filters out zero and outlier data.