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 358.35 (%).Trend:Increase 214.98% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 175.5 (%).Trend:Decrease 51.03% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 113.62 (%).Trend:Decrease 35.26% than previous quarter

Overall: decreasing (-68.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 332.4 (%).Trend:Increase 167.57% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 183.18 (%).Trend:Decrease 44.89% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 124.74 (%).Trend:Decrease 31.9% than previous quarter

Overall: decreasing (-62.47%). 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 -240.03 (%).Trend:Increase 169.45% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -111.47 (%).Trend:Decrease 53.56% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -71.0 (%).Trend:Decrease 36.31% than previous quarter

Overall: increasing (-70.42%). 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 -32.7 (%).Trend:Decrease 9.62% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -29.79 (%).Trend:Decrease 8.9% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -28.3 (%).Trend:Decrease 5.0% than previous quarter

Overall: increasing (-13.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.19 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.24 (USD).Trend:Decrease 226.32% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.42 (USD).Trend:Increase 75.0% than previous quarter

Overall: increasing (-321.05%). Fluctuation: **Significant** (high variation).



Two sets of financial statements are analyzed, focusing on Q3 2021 to Q2 2022 and Q1 2022 to Q3 2022.  The first set shows an overall increasing trend in working capital efficiency metrics (liabilities and current assets on revenue), but with substantial fluctuations.  Cost efficiency, as measured by retained earnings to revenue, shows a decreasing trend despite large swings. Investment efficiency, measured by retained earnings on assets, shows a slight increase.  The second set focuses solely on the 2022 data, showing similar patterns of volatility in working capital efficiency, cost efficiency, and investment efficiency.  Earnings per share experienced a very volatile trend within the time period. The data reveals substantial instability and high variability in various financial parameters.