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 115.8 (%).Trend:Increase 198.38% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 61.42 (%).Trend:Decrease 46.96% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 44.78 (%).Trend:Decrease 27.09% than previous quarter

Overall: decreasing (-61.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 137.6 (%).Trend:Increase 179.73% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 96.71 (%).Trend:Decrease 29.72% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 77.49 (%).Trend:Decrease 19.87% than previous quarter

Overall: decreasing (-43.68%). 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 -1556.1 (%).Trend:Increase 232.05% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -766.62 (%).Trend:Decrease 50.73% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -532.85 (%).Trend:Decrease 30.49% than previous quarter

Overall: increasing (-65.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -161.33 (%).Trend:Decrease 7.79% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -161.76 (%).Trend:Increase 0.27% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -160.2 (%).Trend:Decrease 0.96% than previous quarter

Overall: increasing (-0.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 137.5% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.26 (USD).Trend:Decrease 966.67% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.47 (USD).Trend:Increase 80.77% than previous quarter

Overall: decreasing (-1666.67%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant volatility in key financial ratios from Q1 2022 to Q3 2022. Working capital efficiency (liabilities and current assets on revenue) trended downward but with large swings. Cost efficiency (retained earnings ratio) showed a slight upward trend, though fluctuations were substantial. Investment efficiency (retained earnings on assets) trended upwards with fluctuating performance across quarters. Earnings per share showed a major decrease throughout the period, with major quarter-to-quarter shifts.  The results point to significant instability in the company's financial performance.