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 144.56 (%).Trend:Decrease 28.01% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 66.42 (%).Trend:Decrease 54.05% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 37.32 (%).Trend:Decrease 43.81% than previous quarter

Overall: decreasing (-74.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 151.55 (%).Trend:Decrease 5.88% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 82.09 (%).Trend:Decrease 45.83% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 68.27 (%).Trend:Decrease 16.84% than previous quarter

Overall: decreasing (-54.95%). 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 26.46 (%).Trend:Decrease 135.72% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -7.12 (%).Trend:Decrease 126.91% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -0.13 (%).Trend:Decrease 98.17% than previous quarter

Overall: decreasing (-100.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.01 (%).Trend:Decrease 63.24% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.96 (%).Trend:Decrease 8.74% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.85 (%).Trend:Decrease 1.0% than previous quarter

Overall: decreasing (-9.66%). 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 1.44 (%).Trend:Decrease 133.88% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -0.88 (%).Trend:Decrease 161.11% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -0.03 (%).Trend:Decrease 96.59% than previous quarter

Overall: decreasing (-102.08%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 1.14 (USD).Trend:Decrease 522.22% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.33 (USD).Trend:Decrease 71.05% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.62 (USD).Trend:Increase 87.88% than previous quarter

Overall: decreasing (-45.61%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 reveals significant, negative trends in working capital efficiency, cost efficiency, and investment efficiency. Liabilities and current assets on revenue are decreasing significantly, with high variation across the quarters.  The ratio of retained earnings to revenue also shows a substantial negative trend.  Selling, general, and administrative (SG&A) expense ratio, however, is decreasing with a low variation.  Earning per share is also declining significantly, though there's a positive increase in Q3.