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 44790.91 (%).Trend:Increase 1091.22% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 23206.21 (%).Trend:Decrease 48.19% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 11820.37 (%).Trend:Decrease 49.06% than previous quarter

Overall: decreasing (-73.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 297675.24 (%).Trend:Increase 1089.79% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 149431.95 (%).Trend:Decrease 49.8% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 75261.12 (%).Trend:Decrease 49.64% than previous quarter

Overall: decreasing (-74.72%). 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 -381410.66 (%).Trend:Increase 1052.45% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -196364.05 (%).Trend:Decrease 48.52% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -102077.27 (%).Trend:Decrease 48.02% than previous quarter

Overall: increasing (-73.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11600.94 (%).Trend:Increase 174.28% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12086.83 (%).Trend:Increase 4.19% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8857.93 (%).Trend:Decrease 26.71% than previous quarter

Overall: decreasing (-23.64%). Fluctuation: **Neutral** (moderate 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 -89.98 (%).Trend:Decrease 3.57% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -104.65 (%).Trend:Increase 16.3% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -116.98 (%).Trend:Increase 11.78% than previous quarter

Overall: decreasing (30.01%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.36 (USD).Trend:Decrease 67.57% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.79 (USD).Trend:Increase 119.44% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.34 (USD).Trend:Increase 69.62% than previous quarter

Overall: decreasing (272.22%). Fluctuation: **Significant** (high variation).



Financial performance in Q1 to Q3 2022 reveals significant instability in working capital efficiency.  Liabilities on revenue and current assets on revenue show sizable decreases in Q2 and Q3, following a significant increase in Q1. Cost efficiency, reflected in the ratio of retained earnings to revenue, shows a pattern of decreasing trend. SG&A expense ratio shows a moderate, but consistent, decreasing trend overall in Q1 to Q3 2022. Investment efficiency, evidenced by retained earnings on assets, shows fluctuations. Earnings per share continue their downward trend.