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 127.84 (%).Trend:Increase 176.47% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 66.29 (%).Trend:Decrease 48.15% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 43.51 (%).Trend:Decrease 34.36% than previous quarter

Overall: decreasing (-65.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 319.7 (%).Trend:Increase 159.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 155.51 (%).Trend:Decrease 51.36% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 100.29 (%).Trend:Decrease 35.51% than previous quarter

Overall: decreasing (-68.63%). 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 -143.15 (%).Trend:Increase 174.97% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -66.14 (%).Trend:Decrease 53.8% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -41.71 (%).Trend:Decrease 36.94% than previous quarter

Overall: increasing (-70.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 11.95% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.53 (%).Trend:Decrease 4.28% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.28 (%).Trend:Increase 5.16% than previous quarter

Overall: increasing (0.66%). 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 -23.2 (%).Trend:Increase 6.42% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -22.33 (%).Trend:Decrease 3.75% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -22.07 (%).Trend:Decrease 1.16% than previous quarter

Overall: increasing (-4.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 75.93% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.05 (USD).Trend:Decrease 138.46% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.13 (USD).Trend:Increase 160.0% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2022 to Q3 2022 financial statements reveals significant volatility. Working capital efficiency, as measured by liabilities and current assets on revenue, showed a decreasing trend but with large variations. Cost efficiency, based on the ratio of retained earnings to revenue, significantly decreased. Selling, general, and administrative (SG&A) expenses were relatively stable. Investment efficiency remained somewhat consistent, but with significant variability. Earnings per share exhibited substantial fluctuations.