Working Capital Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 3: Liabilities on Revenue 138.37 (%).Trend:Decrease 50.04% than previous quarter
Year 2022 Quarter 1: Liabilities on Revenue 276.96 (%).Trend:Increase 176.3% than previous quarter

Overall: increasing (38.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 3: Current assets on Revenue 723.21 (%).Trend:Decrease 57.33% than previous quarter
Year 2022 Quarter 1: Current assets on Revenue 1695.01 (%).Trend:Increase 85.97% than previous quarter

Overall: decreasing (-20.65%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1924.89 (%).Trend:Decrease 45.23% than previous quarter
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue -3514.62 (%).Trend:Increase 192.89% than previous quarter

Overall: decreasing (60.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 171.59 (%).Trend:Increase 33.9% than previous quarter
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 128.15 (%).Trend:Decrease 17.78% than previous quarter

Overall: increasing (10.09%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2021 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 3: Retained Earning on Assets -248.02 (%).Trend:Increase 28.57% than previous quarter
Year 2022 Quarter 1: Retained Earning on Assets -192.91 (%).Trend:Increase 52.5% than previous quarter

Overall: decreasing (96.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 3: Earning Per Share -1.58 (USD).Trend:Increase 146.88% than previous quarter
Year 2022 Quarter 1: Earning Per Share -0.64 (USD).Trend:Increase 48.84% than previous quarter

Overall: decreasing (267.44%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2021 to Q1 2022 data shows significant volatility across key performance indicators. Liabilities on revenue increased by 38.04%, while current assets decreased by 20.65%.  The ratio of retained earnings to revenue showed a substantial decrease (60.41%), indicating potential concerns.  The SG&A expense ratio exhibited moderate fluctuation, increasing by 10.09%.  Both retained earnings on assets (-96.06%) and earnings per share (-267.44%) experienced substantial declines and high volatility.