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 137.59 (%).Trend:Increase 136.04% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 69.74 (%).Trend:Decrease 49.31% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 43.77 (%).Trend:Decrease 37.24% than previous quarter

Overall: decreasing (-68.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 494.12 (%).Trend:Increase 103.38% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 209.19 (%).Trend:Decrease 57.66% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 116.05 (%).Trend:Decrease 44.52% than previous quarter

Overall: decreasing (-76.51%). 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 -952.65 (%).Trend:Increase 102.85% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -447.47 (%).Trend:Decrease 53.03% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -266.85 (%).Trend:Decrease 40.36% than previous quarter

Overall: increasing (-71.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.45 (%).Trend:Decrease 16.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.11 (%).Trend:Decrease 9.99% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.41 (%).Trend:Decrease 12.29% than previous quarter

Overall: decreasing (-21.05%). 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 -85.28 (%).Trend:Increase 1.77% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -86.56 (%).Trend:Increase 1.5% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -86.85 (%).Trend:Increase 0.34% than previous quarter

Overall: decreasing (1.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.11 (USD).Trend:Decrease 74.42% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.17 (USD).Trend:Increase 54.55% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.21 (USD).Trend:Increase 23.53% than previous quarter

Overall: decreasing (90.91%). Fluctuation: **Significant** (high variation).



Q1-Q3 2022 financial performance shows significant fluctuation. Liabilities on revenue decreased considerably from Q1 to Q3 2022, while current assets on revenue also displayed similar volatility, declining sharply in Q2 and Q3 2022. Cost efficiency, as measured by the ratio of retained earnings to revenue, demonstrates an overall increase but with highly variable quarterly trends. SG&A expense ratio shows a consistent decrease quarter-over-quarter. Investment efficiency, with retained earnings on assets, showed a small overall decrease. Earning per share decreased overall with significant variation.