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 67.46 (%).Trend:Increase 214.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 22.73 (%).Trend:Decrease 66.31% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.08 (%).Trend:Increase 10.34% than previous quarter

Overall: decreasing (-62.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 149.88 (%).Trend:Increase 17.95% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 76.07 (%).Trend:Decrease 49.25% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 48.03 (%).Trend:Decrease 36.86% than previous quarter

Overall: decreasing (-67.95%). 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 77.95 (%).Trend:Increase 29.01% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 46.16 (%).Trend:Decrease 40.78% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 31.92 (%).Trend:Decrease 30.85% than previous quarter

Overall: decreasing (-59.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 17.16 (%).Trend:Decrease 3.05% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 21.83 (%).Trend:Increase 27.21% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 18.38 (%).Trend:Decrease 15.8% than previous quarter

Overall: increasing (7.11%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.16 (USD).Trend:Decrease 128.57% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.36 (USD).Trend:Increase 125.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.53 (USD).Trend:Increase 47.22% than previous quarter

Overall: increasing (231.25%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q3 2022 highlights substantial volatility.  Liabilities on revenue initially increased dramatically, then decreased significantly, followed by a minor increase.  Current assets on revenue continuously declined.  Cost efficiency (ratio of retained earnings to revenue) demonstrated a consistent downward trend throughout the period. Investment efficiency increased with less erratic movement. Earnings per share saw a large overall increase, but fluctuations were significant from quarter to quarter.