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 751.49 (%).Trend:Increase 168.72% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 391.71 (%).Trend:Decrease 47.88% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 228.8 (%).Trend:Decrease 41.59% than previous quarter

Overall: decreasing (-69.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 855.19 (%).Trend:Increase 169.6% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 446.28 (%).Trend:Decrease 47.82% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 268.69 (%).Trend:Decrease 39.79% than previous quarter

Overall: decreasing (-68.58%). 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 -371.83 (%).Trend:Increase 189.18% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -181.35 (%).Trend:Decrease 51.23% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -121.59 (%).Trend:Decrease 32.95% than previous quarter

Overall: increasing (-67.3%). 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 -17.41 (%).Trend:Increase 11.67% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -17.69 (%).Trend:Increase 1.61% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -19.31 (%).Trend:Increase 9.16% than previous quarter

Overall: decreasing (10.91%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.34 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.53 (USD).Trend:Increase 55.88% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.71 (USD).Trend:Increase 33.96% than previous quarter

Overall: decreasing (108.82%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2022 reveals substantial volatility. Liabilities and current assets on revenue exhibit significant decreases but substantial quarter-to-quarter variations. The ratio of retained earnings to revenue demonstrates an increasing trend, but high fluctuation.  Investment efficiency shows a downward trend, with major quarterly variations. Earnings per share remain negative and declining, indicating profitability issues. These findings suggest the need for deeper investigation into the underlying performance drivers.