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 76.17 (%).Trend:Increase 129.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 27.62 (%).Trend:Decrease 63.74% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.07 (%).Trend:Decrease 34.58% than previous quarter

Overall: decreasing (-76.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 96.67 (%).Trend:Increase 170.63% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 47.01 (%).Trend:Decrease 51.37% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 33.75 (%).Trend:Decrease 28.21% than previous quarter

Overall: decreasing (-65.09%). 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 -256.0 (%).Trend:Increase 98.11% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -117.49 (%).Trend:Decrease 54.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -82.21 (%).Trend:Decrease 30.03% than previous quarter

Overall: increasing (-67.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.55 (%).Trend:Decrease 38.25% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.09 (%).Trend:Decrease 29.68% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.17 (%).Trend:Increase 7.34% than previous quarter

Overall: decreasing (-24.52%). Fluctuation: **Neutral** (moderate 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 -114.24 (%).Trend:Decrease 15.25% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -119.36 (%).Trend:Increase 4.48% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -116.66 (%).Trend:Decrease 2.26% than previous quarter

Overall: decreasing (2.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 107.14% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 216.67% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.02 (USD).Trend:Increase 78.95% than previous quarter

Overall: increasing (466.67%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2022 to Q3 2022 shows significant fluctuation. Liabilities and current assets on revenue both decreased overall, with highly variable quarterly trends. Cost efficiency, as measured by retained earnings to revenue and SG&A expense ratio, increased overall, but displayed fluctuating negative trends in each quarter.  Invest efficiency, reflected in retained earnings on assets, had a slight overall decrease, despite quarter-to-quarter variation. Earnings per share displayed a strong increasing overall trend, but fluctuating quarter-to-quarter.