Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 59.14 (%).Trend:Decrease 39.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 87.46 (%).Trend:Increase 47.89% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 69.36 (%).Trend:Decrease 20.7% than previous quarter

Overall: increasing (17.28%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 162.71 (%).Trend:Decrease 40.97% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 181.65 (%).Trend:Increase 11.64% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 120.25 (%).Trend:Decrease 33.8% than previous quarter

Overall: decreasing (-26.1%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -872.91 (%).Trend:Decrease 37.66% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -1086.6 (%).Trend:Increase 24.48% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -725.21 (%).Trend:Decrease 33.26% than previous quarter

Overall: increasing (-16.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.18 (%).Trend:Decrease 6.3% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.42 (%).Trend:Decrease 18.01% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.93 (%).Trend:Decrease 1.1% than previous quarter

Overall: decreasing (-18.92%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets -436.28 (%).Trend:Increase 3.3% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -455.06 (%).Trend:Increase 4.3% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -461.23 (%).Trend:Increase 1.36% than previous quarter

Overall: decreasing (5.72%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2021 to Q3 2022 reveals mixed results.  Liabilities on revenue increased, suggesting potential financial strain, while current assets on revenue decreased, possibly indicating reduced working capital.  Cost efficiency is concerning, with a significantly fluctuating, negatively increasing ratio of retained earnings to revenue. Conversely, SG&A expenses decreased, signifying improved cost management. Investment efficiency also showed a concerning decrease in retained earnings on assets.