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 88.58 (%).Trend:Decrease 66.67% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 54.47 (%).Trend:Decrease 38.51% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 40.0 (%).Trend:Decrease 26.57% than previous quarter

Overall: decreasing (-54.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 195.78 (%).Trend:Decrease 37.71% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 99.52 (%).Trend:Decrease 49.17% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 59.66 (%).Trend:Decrease 40.05% than previous quarter

Overall: decreasing (-69.53%). 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 919.55 (%).Trend:Increase 179.46% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 451.64 (%).Trend:Decrease 50.88% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 297.11 (%).Trend:Decrease 34.22% than previous quarter

Overall: decreasing (-67.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.9 (%).Trend:Increase 11.01% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.98 (%).Trend:Decrease 2.49% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 35.04 (%).Trend:Decrease 2.61% than previous quarter

Overall: decreasing (-5.04%). 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 67.06 (%).Trend:Increase 44.31% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 66.09 (%).Trend:Decrease 1.45% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 63.57 (%).Trend:Decrease 3.81% than previous quarter

Overall: decreasing (-5.2%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 100.05% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 700.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.13 (USD).Trend:Increase 62.5% than previous quarter

Overall: decreasing (1200.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2022 suggest significant financial challenges. Working capital efficiency is declining significantly, as evidenced by decreasing liabilities and current assets on revenue.  Cost efficiency, based on the ratio of retained earnings to revenue, is in sharp decline. Investment efficiency is also negative, but less volatile than other areas.  Earnings per share are severely negative and variable.  While SG&A expenses are decreasing slightly, overall financial performance is deteriorating.