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 50.28 (%).Trend:Increase 58.36% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 54.4 (%).Trend:Increase 8.19% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 35.78 (%).Trend:Decrease 34.23% than previous quarter

Overall: decreasing (-28.84%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 184.02 (%).Trend:Increase 86.41% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 108.77 (%).Trend:Decrease 40.89% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 67.71 (%).Trend:Decrease 37.75% than previous quarter

Overall: decreasing (-63.21%). 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 -77.5 (%).Trend:Increase 187.36% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -44.93 (%).Trend:Decrease 42.03% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -34.98 (%).Trend:Decrease 22.15% than previous quarter

Overall: increasing (-54.86%). 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 -24.8 (%).Trend:Increase 46.83% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -24.96 (%).Trend:Increase 0.65% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -30.78 (%).Trend:Increase 23.32% than previous quarter

Overall: decreasing (24.11%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.86 (USD).Trend:Increase 1.18% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.59 (USD).Trend:Increase 84.88% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.42 (USD).Trend:Increase 52.2% than previous quarter

Overall: decreasing (181.4%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2022 to Q3 2022 shows a concerning trend of declining financial performance. Liabilities on revenue decrease (-28.84%) but with moderate fluctuation, while current assets on revenue decrease significantly (-63.21%) with significant variability. Cost efficiency (ratio of retained earnings to revenue) increases despite negative values (-54.86%) with high fluctuations.  Investment efficiency declines (24.11%) and earnings per share decrease substantially (181.4%) across the quarters, demonstrating significant variability.