Only 4 time machine backups despite adequate memory, any suggestions?

I’m using Time Machine to backup to a share on my WD Mirror. It’s using only 1.4 out of an allocated 3.89TB. For some reason, there are only ever a total of 4 backups when I enter Time Machine. They’re always today’s and a few from the day before.
I did enable Mac backups on settings and allocated the maximum size from the beginning.

Any idea why this is happening? Thanks for any help on this.

During Auto Backup, sometimes backup process may go on pause or hold when computer goes into sleep mode. And if this happen after the next backup time arranged n Auto Backup, it will make a queue of uncompleted backup process.
I would suggest to close or stop those running backup and reconfigure time machine for new backup manually.