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 80.08 (%).Trend:Increase 128.73% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 37.86 (%).Trend:Decrease 52.72% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.5 (%).Trend:Decrease 32.65% than previous quarter

Overall: decreasing (-68.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 131.18 (%).Trend:Increase 99.57% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 92.95 (%).Trend:Decrease 29.14% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 60.11 (%).Trend:Decrease 35.33% than previous quarter

Overall: decreasing (-54.18%). 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 -215.66 (%).Trend:Increase 235.55% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -165.9 (%).Trend:Decrease 23.07% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -121.58 (%).Trend:Decrease 26.71% than previous quarter

Overall: increasing (-43.62%). 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 -32.25 (%).Trend:Increase 47.26% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -48.86 (%).Trend:Increase 51.5% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -55.26 (%).Trend:Increase 13.1% than previous quarter

Overall: decreasing (71.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.11 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.01 (USD).Trend:Increase 818.18% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 0.99% than previous quarter

Overall: decreasing (809.09%). Fluctuation: **Significant** (high variation).



Financial statement analysis for Q1 2022 to Q3 2022 demonstrates significant fluctuations. Liabilities on revenue show a decrease (-68.16%) with a high degree of variation. Current assets on revenue also decrease (-54.18%), accompanied by significant volatility.  The ratio of retained earnings to revenue shows an increase (-43.62%), which is surprisingly positive despite overall volatility. Investment efficiency and retained earnings on assets are decreasing, indicating potential financial problems with high variability.  Earnings per share are declining (-809.09%) with noticeable fluctuations.