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 1810.29 (%).Trend:Increase 293.82% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 533.75 (%).Trend:Decrease 70.52% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 714.92 (%).Trend:Increase 33.94% than previous quarter

Overall: decreasing (-60.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 1842.69 (%).Trend:Increase 272.97% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 555.28 (%).Trend:Decrease 69.87% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 727.58 (%).Trend:Increase 31.03% than previous quarter

Overall: decreasing (-60.52%). 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 147.12 (%).Trend:Increase 206.63% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 73.4 (%).Trend:Decrease 50.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 50.05 (%).Trend:Decrease 31.81% than previous quarter

Overall: decreasing (-65.98%). 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 6.98 (%).Trend:Decrease 16.71% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 10.66 (%).Trend:Increase 52.72% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 6.12 (%).Trend:Decrease 42.59% than previous quarter

Overall: decreasing (-12.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.56 (USD).Trend:Decrease 48.62% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 32.14% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.38 (USD).Trend:Increase 86.49% than previous quarter

Overall: increasing (146.43%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 reveals a concerning trend of declining performance across key metrics. Liabilities and current assets on revenue demonstrate decreasing overall performance with considerable quarter-to-quarter fluctuations.  Cost efficiency, measured by the retained earnings to revenue ratio, also shows a substantial decline.  Investment efficiency is also decreasing, although not as dramatically.  Earnings per share, however, shows an increase, contrasting the overall negative trend, but with significant quarterly fluctuations. This combination of negative and positive trends requires further investigation to identify the root causes of these financial fluctuations.