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 268.94 (%).Trend:Increase 93.19% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 127.97 (%).Trend:Decrease 52.42% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.76 (%).Trend:Decrease 31.42% than previous quarter

Overall: decreasing (-67.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 99.8 (%).Trend:Decrease 29.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.34 (%).Trend:Decrease 53.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 36.01 (%).Trend:Decrease 22.29% than previous quarter

Overall: decreasing (-63.92%). 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 -78.23 (%).Trend:Increase 6.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -42.16 (%).Trend:Decrease 46.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -35.56 (%).Trend:Decrease 15.65% than previous quarter

Overall: increasing (-54.54%). 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 -6.12 (%).Trend:Increase 15.47% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -6.85 (%).Trend:Increase 11.93% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -8.67 (%).Trend:Increase 26.57% than previous quarter

Overall: decreasing (41.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -1.45 (USD).Trend:Increase 70.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.95 (USD).Trend:Increase 34.48% than previous quarter
Year 2022 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 53.85% than previous quarter

Overall: decreasing (106.9%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 reveals a pattern of declining working capital efficiency. Liabilities on revenue decreased overall, exhibiting significant fluctuations. Current assets on revenue followed a similar downward trajectory with significant quarterly variation. The ratio of retained earnings to revenue also decreased overall, despite some fluctuations.  Retained earnings on assets had a downward trend but with some quarter-to-quarter increases. Earnings per share also followed a decreasing trend throughout the period. The data shows significant instability in key financial metrics.