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 63.53 (%).Trend:Increase 136.79% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 35.4 (%).Trend:Decrease 44.28% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 23.77 (%).Trend:Decrease 32.85% than previous quarter

Overall: decreasing (-62.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 267.66 (%).Trend:Increase 175.06% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 129.58 (%).Trend:Decrease 51.59% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 87.59 (%).Trend:Decrease 32.4% than previous quarter

Overall: decreasing (-67.28%). 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 -396.02 (%).Trend:Increase 198.95% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -194.95 (%).Trend:Decrease 50.77% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -133.05 (%).Trend:Decrease 31.75% than previous quarter

Overall: increasing (-66.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 75.25 (%).Trend:Increase 0.27% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 74.48 (%).Trend:Decrease 1.02% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 72.53 (%).Trend:Decrease 2.62% than previous quarter

Overall: decreasing (-3.61%). 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 -50.49 (%).Trend:Increase 16.18% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -52.81 (%).Trend:Increase 4.59% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -55.41 (%).Trend:Increase 4.92% than previous quarter

Overall: decreasing (9.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.33 (USD).Trend:Decrease 123.24% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.66 (USD).Trend:Increase 100.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.93 (USD).Trend:Increase 40.91% than previous quarter

Overall: decreasing (181.82%). Fluctuation: **Significant** (high variation).



From Q1 2022 to Q3 2022, the company experienced a significant decrease in liabilities on revenue (-62.58%) and current assets on revenue (-67.28%), raising concerns about working capital management. While the ratio of retained earnings to revenue showed an overall improvement (-66.4%), the fluctuation was substantial.  The SG&A expense ratio decreased slightly (-3.61%). However, investment efficiency was significantly hampered by a decline in retained earnings on assets (-9.74%) and a dramatic fall in earnings per share (-181.82%), highlighting critical financial instability.