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 255.6 (%).Trend:Increase 278.78% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 113.57 (%).Trend:Decrease 55.57% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 71.04 (%).Trend:Decrease 37.45% than previous quarter

Overall: decreasing (-72.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 207.07 (%).Trend:Increase 294.27% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 91.02 (%).Trend:Decrease 56.04% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 55.16 (%).Trend:Decrease 39.4% than previous quarter

Overall: decreasing (-73.36%). 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 -74.88 (%).Trend:Decrease 314.37% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -477.15 (%).Trend:Increase 537.22% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -321.42 (%).Trend:Decrease 32.64% than previous quarter

Overall: decreasing (329.25%). 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 -2.45 (%).Trend:Decrease 155.68% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -44.84 (%).Trend:Increase 1730.2% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -46.31 (%).Trend:Increase 3.28% than previous quarter

Overall: decreasing (1790.2%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -11.58 (USD).Trend:Decrease 74.53% than previous quarter
Year 2022 Quarter 2: Earning Per Share -105.64 (USD).Trend:Increase 812.26% than previous quarter
Year 2022 Quarter 3: Earning Per Share -107.0 (USD).Trend:Increase 1.29% than previous quarter

Overall: decreasing (824.01%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022-Q3 2022 shows extremely high volatility. Liabilities and current assets on revenue are declining, indicating strained working capital. The ratio of retained earnings to revenue is negative and highly fluctuating, suggesting ongoing losses.  Invest efficiency is also drastically decreasing. Earnings per share are also consistently negative and fluctuate greatly, demonstrating a significant and worrying downward trend in the company's financial performance.