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 82.86 (%).Trend:Increase 196.56% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 142.34 (%).Trend:Increase 71.78% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 96.44 (%).Trend:Decrease 32.25% than previous quarter

Overall: increasing (16.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 168.39 (%).Trend:Increase 241.28% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 83.82 (%).Trend:Decrease 50.22% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 60.75 (%).Trend:Decrease 27.52% than previous quarter

Overall: decreasing (-63.92%). 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 -184.93 (%).Trend:Increase 261.97% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -90.62 (%).Trend:Decrease 51.0% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -62.52 (%).Trend:Decrease 31.01% than previous quarter

Overall: increasing (-66.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.61 (%).Trend:Increase 4.99% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.65 (%).Trend:Decrease 6.01% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.66 (%).Trend:Decrease 16.28% than previous quarter

Overall: decreasing (-21.31%). Fluctuation: **Neutral** (moderate 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 -56.45 (%).Trend:Increase 16.37% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -58.83 (%).Trend:Increase 4.22% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -62.86 (%).Trend:Increase 6.85% than previous quarter

Overall: decreasing (11.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.86 (USD).Trend:Decrease 81.39% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.34 (USD).Trend:Increase 55.81% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 25.37% than previous quarter

Overall: decreasing (16.28%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2022 to Q3 2022 shows significant fluctuation. Working capital efficiency reveals substantial increases in liabilities, but significant decreases in current assets, indicating an unstable trend.  Cost efficiency, as measured by retained earnings-to-revenue ratios, shows a fluctuating trend. SG&A expense ratios demonstrate a small overall decrease.  Investment efficiency indicates a steady downward trend in retained earnings on assets. Earning per share exhibits a downward trend with significant fluctuation.