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 139.77 (%).Trend:Increase 91.97% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 64.09 (%).Trend:Decrease 54.15% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 42.38 (%).Trend:Decrease 33.87% than previous quarter

Overall: decreasing (-69.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 289.49 (%).Trend:Increase 135.45% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 133.91 (%).Trend:Decrease 53.74% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 86.32 (%).Trend:Decrease 35.54% than previous quarter

Overall: decreasing (-70.18%). 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 444.39 (%).Trend:Increase 214.84% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 215.29 (%).Trend:Decrease 51.55% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 142.8 (%).Trend:Decrease 33.67% than previous quarter

Overall: decreasing (-67.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.11 (%).Trend:Increase 7.91% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.53 (%).Trend:Decrease 6.29% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.14 (%).Trend:Increase 2.59% than previous quarter

Overall: decreasing (-3.86%). 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 77.58 (%).Trend:Increase 17.31% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 80.02 (%).Trend:Increase 3.15% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 81.64 (%).Trend:Increase 2.02% than previous quarter

Overall: increasing (5.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.12 (USD).Trend:Decrease 114.29% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.22 (USD).Trend:Decrease 283.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.52 (USD).Trend:Increase 136.36% than previous quarter

Overall: increasing (-533.33%). Fluctuation: **Significant** (high variation).



Financial analysis indicates significant volatility in working capital and cost efficiency metrics. Liabilities on revenue decreased substantially then increased sharply, contrasting current assets on revenue, which also saw a dramatic decline and subsequent sharp increase. Cost efficiency reveals a slight overall decrease in the SG&A expense ratio, with minimal fluctuations. Investment efficiency indicates a modest increase in retained earnings on assets, with minimal fluctuation. Earning per share displays substantial fluctuations, swinging from negative in Q1 2022 to positive in Q3.