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 70.92 (%).Trend:Increase 94.04% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 60.73 (%).Trend:Decrease 14.37% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.72 (%).Trend:Decrease 57.65% than previous quarter

Overall: decreasing (-63.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 79.73 (%).Trend:Increase 88.04% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 43.35 (%).Trend:Decrease 45.63% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 38.32 (%).Trend:Decrease 11.6% than previous quarter

Overall: decreasing (-51.94%). 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 400.37 (%).Trend:Increase 93.8% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 178.35 (%).Trend:Decrease 55.45% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 122.16 (%).Trend:Decrease 31.51% than previous quarter

Overall: decreasing (-69.49%). 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 44.99 (%).Trend:Decrease 6.83% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 38.96 (%).Trend:Decrease 13.4% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 40.93 (%).Trend:Increase 5.06% than previous quarter

Overall: decreasing (-9.02%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 2022 to Q3 2022 indicates a significant decline in key financial ratios. Liabilities on revenue decreased considerably (-63.73%),  but current assets on revenue also declined significantly (-51.94%). Cost efficiency, represented by the ratio of retained earnings to revenue, experienced the most substantial decline (-69.49%).  Invest efficiency, however, shows a relatively stable decrease in retained earnings on assets (-9.02%).  These findings suggest a possible restructuring or significant shifts in the company's financial strategy during this period.