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 236.7 (%).Trend:Increase 206.45% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 166.67 (%).Trend:Decrease 29.59% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 88.2 (%).Trend:Decrease 47.08% than previous quarter

Overall: decreasing (-62.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 1600.93 (%).Trend:Increase 55.15% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 1235.45 (%).Trend:Decrease 22.83% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 634.88 (%).Trend:Decrease 48.61% than previous quarter

Overall: decreasing (-60.34%). 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 -4107.17 (%).Trend:Increase 84.17% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -2773.18 (%).Trend:Decrease 32.48% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -1495.9 (%).Trend:Decrease 46.06% than previous quarter

Overall: increasing (-63.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 116.26 (%).Trend:Increase 137.31% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 104.19 (%).Trend:Decrease 10.38% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 70.5 (%).Trend:Decrease 32.34% than previous quarter

Overall: decreasing (-39.36%). 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 -152.79 (%).Trend:Increase 8.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -141.2 (%).Trend:Decrease 7.59% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -144.59 (%).Trend:Increase 2.4% than previous quarter

Overall: increasing (-5.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.11 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.2 (USD).Trend:Increase 81.82% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.27 (USD).Trend:Increase 35.0% than previous quarter

Overall: decreasing (145.45%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant fluctuation in working capital, cost, and investment efficiency metrics for Q1 to Q3 2022. Liabilities and current assets on revenue decreased substantially. The ratio of retained earnings to revenue, while trending upward, displayed significant fluctuations. The SG&A expense ratio decreased gradually. Investment efficiency, as measured by retained earnings on assets, shows a slight increase, though with significant fluctuations. Earnings per share decreased throughout the period. Further analysis is necessary to understand the drivers of these performance trends.