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 75.51 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 38.88 (%).Trend:Decrease 48.51% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 28.12 (%).Trend:Decrease 27.67% than previous quarter

Overall: decreasing (-62.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 136.89 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 67.79 (%).Trend:Decrease 50.48% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 48.98 (%).Trend:Decrease 27.75% than previous quarter

Overall: decreasing (-64.22%). 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 58.82 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 25.65 (%).Trend:Decrease 56.39% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 15.59 (%).Trend:Decrease 39.22% than previous quarter

Overall: decreasing (-73.5%). 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 18.44 (%).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 16.78 (%).Trend:Decrease 9.0% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 15.05 (%).Trend:Decrease 10.31% than previous quarter

Overall: decreasing (-18.38%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.14 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.45 (USD).Trend:Increase 221.43% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.68 (USD).Trend:Increase 51.11% than previous quarter

Overall: decreasing (385.71%). Fluctuation: **Significant** (high variation).



Working capital efficiency, measured by liabilities and current assets on revenue, shows a significant, negative trend across the three quarters of 2022. Liabilities on revenue declined substantially from Q1 to Q2, and further to Q3. Similarly, current assets on revenue declined substantially. Cost efficiency also shows significant negative trend, with the ratio of retained earnings to revenue declining substantially. Investment efficiency shows a neutral (moderate) decrease in retained earnings on assets. Earnings per share are also decreasing, with substantial fluctuations. Overall, the financial performance across the three quarters of 2022 reveals significant volatility and negative trends.