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 29.41 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 16.11 (%).Trend:Decrease 45.22% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 10.25 (%).Trend:Decrease 36.37% than previous quarter

Overall: decreasing (-65.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 138.82 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 66.58 (%).Trend:Decrease 52.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 44.14 (%).Trend:Decrease 33.7% than previous quarter

Overall: decreasing (-68.2%). 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 288.8 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 132.73 (%).Trend:Decrease 54.04% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 83.81 (%).Trend:Decrease 36.86% than previous quarter

Overall: decreasing (-70.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.03 (%).Trend:Decrease 100.0% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.05 (%).Trend:Decrease 6.99% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.41 (%).Trend:Decrease 4.9% than previous quarter

Overall: decreasing (-11.55%). 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 79.06 (%).Trend:Decrease 0.69% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 77.85 (%).Trend:Decrease 1.53% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 77.42 (%).Trend:Decrease 0.55% than previous quarter

Overall: decreasing (-2.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.37 (USD).Trend:Decrease 384.62% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.34 (USD).Trend:Decrease 8.11% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.46 (USD).Trend:Decrease 235.29% than previous quarter

Overall: increasing (-224.32%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant fluctuations in key metrics. Working capital efficiency indicators, liabilities and current assets on revenue, experienced substantial decreases in 2022 Q1-Q3, followed by significant increases in Q1 2023.  Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue from Q1 to Q3 2022, but increased in Q1 2023.  A consistent, small decrease is evident in investment efficiency (retained earnings on assets). Earnings per share show substantial swings, increasing positively in the later quarters. The SG&A expense ratio exhibits a steady decrease with little variation.